Silver Spruce Resources (SSE) AI Stock Analysis

• Market Cap: C$1.62M
• Dividend Yield: N/A
• Average Volume (3M): 91.24K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.60
• Revenue Growth: N/A
• EPS Growth: 35.71%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 45
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 324,152,830
• 10 Day Avg. Volume: 129,621
• 30 Day Avg. Volume: 91,243
• PEG Ratio: -0.11
• Price to Book (P/B): -6.86
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.50
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 32 Underperform
• Price Target: ―

Silver Spruce Resources faces significant financial challenges with no revenue and negative profitability metrics, severely impacting the overall score. Technically, the stock shows limited momentum and faces valuation concerns with a negative P/E ratio. While strategic changes in corporate governance could offer some future potential, they do not currently offset the substantial financial and operational risks.

Silver Spruce Resources Business Overview & Revenue Model

Company Description

Silver Spruce Resources Inc., a junior exploration company, explores for precious and base minerals. The company primarily explores for copper, zinc, lead, silver, gold, and rare earth elements. It holds 100% interests in the Pino de Plata project located in southwest corner of the state of Chihuahua, Mexico; and the Melchett Lake project situated in the Thunder Bay mining district, Northern Ontario, Canada. The company also holds an agreement to acquire 50% interests in the Jackie Gold project located in Sonora, Mexico; the El Mezquite project situated in eastern Sonora, Mexico; and the Diamante project located in eastern Sonora, Mexico, as well as 100% interests in the Mystery, Marilyn, and Till properties situated to Grand Falls, Newfoundland, Canada. The company was formerly known as First Labrador Acquisitions Inc. and changed its name to Silver Spruce Resources Inc. in October 2004. Silver Spruce Resources Inc. was incorporated in 1996 and is headquartered in Bedford, Canada.

How the Company Makes Money

Silver Spruce Resources generates revenue primarily through the exploration and potential development of mineral properties. The company acquires promising mineral exploration rights and invests in exploration activities to assess the viability and value of these properties. Revenue is typically derived from selling or leasing these rights to larger mining companies, or through joint ventures and partnerships that allow for shared development costs and revenue sharing. Additionally, the company may raise funds through equity financing, issuing shares to investors to support its exploration and development activities. The success of these ventures largely depends on the discovery of economically viable mineral deposits and favorable market conditions for metals.

Silver Spruce Resources Financial Statement Overview

Summary

Silver Spruce Resources exhibits severe financial distress across all financial statements. The absence of revenue, negative profitability metrics, and deteriorating balance sheet position raise significant concerns about its viability and ability to sustain operations. Immediate strategic changes are essential to reverse the negative trends and improve financial health.

Income Statement

Silver Spruce Resources has consistently reported zero revenue over the analyzed periods, indicating significant challenges in generating income. The company also faces negative EBIT, EBITDA, and net income, reflecting persistent operating and net losses without any improvement in profitability.

Balance Sheet

The balance sheet reveals a concerning financial position with negative stockholders' equity, suggesting potential solvency issues. While the company has no debt, the large negative equity ratio and mounting liabilities pose significant risks to financial stability.

Cash Flow

The company shows negative operating and free cash flows, indicating ongoing cash outflows and an inability to generate positive cash from operations. Despite some financing inflows, the reliance on external financing is unsustainable without revenue improvement.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	-19.36K	-19.36K	-17.75K	0.00
EBITDA	-928.50K	-962.84K	-1.48M	-2.29M	-1.02M
Net Income	-961.78K	-1.05M	-1.54M	-2.39M	-782.44K
Balance Sheet
Total Assets	112.06K	410.71K	385.22K	1.47M	1.42M
Cash, Cash Equivalents and Short-Term Investments	2.19K	377.58K	221.93K	1.18M	1.27M
Total Debt	0.00	1.73K	21.98K	41.24K	27.55K
Total Liabilities	354.07K	213.45K	354.65K	311.83K	111.75K
Stockholders Equity	-242.01K	197.26K	30.57K	1.16M	1.31M
Cash Flow
Free Cash Flow	-714.61K	-1.01M	-1.18M	-2.02M	-973.05K
Operating Cash Flow	-714.61K	-1.01M	-1.18M	-2.02M	-973.05K
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	339.22K	1.17M	227.56K	1.92M	2.09M

Silver Spruce Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	67 Neutral	$15.28B	9.73	6.25%	5.18%	4.49%	-71.88%
NIM	56 Neutral	C$125.72M	―	-122.83%	―	―	-370.49%
GWM	50 Neutral	C$40.27M	―	-53.99%	―	―	43.11%
NOB	36 Underperform	C$9.49M	―	-31.93%	―	―	-9.80%
SIC	34 Underperform	C$10.18M	23.81	-54.27%	―	―	-51.30%
SSE	32 Underperform	C$1.62M	―	-707.40%	―	―	35.71%

Silver Spruce Resources Corporate Events

Silver Spruce Resources Drops Option on Mystery Au Project

Silver Spruce Resources has decided to drop its option to earn a 100% interest in the Mystery Au Project in Newfoundland and Labrador, citing current junior market conditions as a reason for returning the property to the vendors. The decision comes despite the company’s belief in the property’s potential, indicating a strategic shift in focus due to market challenges.

Silver Spruce Resources Strengthens Advisory Board with New Appointments

Silver Spruce Resources Inc. has appointed Paul K. Smith and William Fleming to its Advisory Board, aiming to leverage their extensive experience in geology and corporate governance to drive the company’s growth. This strategic move is expected to enhance Silver Spruce’s operational capabilities and strengthen its position in the mineral exploration industry, potentially benefiting stakeholders through improved project development and increased market presence.