Silver Spruce Resources (SSE) AI Stock Analysis

• Market Cap: C$8.94M
• Dividend Yield: N/A
• Average Volume (3M): 29.68K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.64
• Revenue Growth: N/A
• EPS Growth: 65.45%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 31,370,190
• 10 Day Avg. Volume: 41,498
• 30 Day Avg. Volume: 29,680
• PEG Ratio: 0.13
• Price to Book (P/B): -12.58
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.26
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• 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.

Positive Factors

Advisory Board Enhancement

The addition of experienced members to the advisory board can improve strategic decision-making and operational capabilities, potentially enhancing project development and market presence.

Strategic Focus Shift

Shifting focus away from less viable projects can help the company allocate resources more effectively, improving long-term project success rates and financial stability.

No Debt

Having no debt provides the company with some financial flexibility, allowing it to focus on strategic investments without the burden of interest payments.

Negative Factors

Negative Profitability

Persistent negative profitability metrics indicate ongoing operational challenges, limiting the company's ability to generate income and sustain long-term growth.

Negative Cash Flow

Consistent negative cash flow highlights the company's reliance on external financing, which is unsustainable without improvements in revenue generation.

Negative Stockholders' Equity

Negative stockholders' equity suggests potential solvency issues, posing significant risks to financial stability and long-term viability.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	-1.61K	-19.36K	-19.36K	-17.75K	0.00
EBITDA	-408.35K	-928.50K	-962.84K	-1.52M	-2.29M	-782.44K
Net Income	-408.35K	-961.78K	-1.05M	-1.54M	-2.39M	-782.44K
Balance Sheet
Total Assets	80.89K	112.06K	410.71K	385.22K	1.47M	1.42M
Cash, Cash Equivalents and Short-Term Investments	30.98K	2.19K	377.58K	221.93K	1.18M	1.27M
Total Debt	0.00	0.00	1.73K	21.98K	41.24K	27.55K
Total Liabilities	596.50K	354.07K	213.45K	354.65K	311.83K	111.75K
Stockholders Equity	-515.62K	-242.01K	197.26K	30.57K	1.16M	1.31M
Cash Flow
Free Cash Flow	-41.23K	-714.61K	-1.01M	-1.18M	-2.02M	-973.05K
Operating Cash Flow	-41.23K	-714.61K	-1.01M	-1.18M	-2.02M	-973.05K
Investing Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00
Financing Cash Flow	38.00K	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 *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CBLT	50 Neutral	C$3.86M	-25.00	―	―	―	-230.00%
BOLT	49 Neutral	C$4.74M	-0.27	-185.17%	―	―	36.64%
SSE	32 Underperform	C$8.94M	-15.08	―	―	―	65.45%

Silver Spruce Resources Corporate Events

Silver Spruce Acquires Full Ownership of Jackie Gold-Silver Project

Silver Spruce Resources Inc. has signed an agreement to acquire the remaining 50% interest in the Jackie Gold-Silver Project in Sonora, Mexico, from Colibri Resource Corporation, making it the sole owner of the project. This acquisition aligns with Silver Spruce’s strategy to manage exploration programs with full flexibility and pursue shareholder value creation through disciplined exploration and strategic partnerships. The company plans to conduct additional fieldwork and a maiden drill program to evaluate the project’s potential, which has shown promising early-stage results.

Silver Spruce Resources Completes Share Consolidation

Silver Spruce Resources Inc. has completed a share consolidation, reducing its issued and outstanding common shares from 324,152,832 to 21,610,189. The consolidation, approved at the 2024 Annual General and Special Meeting of Shareholders, aims to streamline the company’s share structure and is expected to impact trading on the TSX Venture Exchange starting November 4, 2025. The consolidation will adjust outstanding warrants and options accordingly, and shareholders will receive instructions on exchanging their shares through the company’s transfer agent.

Silver Spruce Resources Announces Share Consolidation

Silver Spruce Resources Inc. announced the implementation of a share consolidation, converting every fifteen pre-Consolidation common shares into one post-Consolidation share, effective October 31, 2025. This move, approved in the 2024 Annual General Meeting, aims to streamline the company’s share structure, with the post-Consolidation shares expected to start trading on the TSX Venture Exchange on November 4, 2025, under a new CUSIP and ISIN.