Silver Spruce Resources Inc (TSE:SSE)
:SSE
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Silver Spruce Resources
(SSE)
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Rating:41Neutral
Price Target:
C$0.22
▼(-25.33% Downside)
Action:UpgradedDate:03/22/26
The score is primarily weighed down by weak financial performance (no revenue, ongoing losses and cash burn, and negative equity) and bearish technicals (price below key moving averages with negative MACD). Valuation provides limited support due to negative earnings and no dividend yield data.
Positive Factors
Low absolute debt
Reported low absolute debt levels reduce fixed financing obligations and preserve strategic flexibility. For an exploration company this durable low-interest burden supports continued asset optioning, JV negotiations and staged project spending without immediate solvency pressure, aiding multi-month project plans.
Negative Factors
No revenue
Absence of operating revenue is a fundamental constraint: the business cannot self-fund activities or demonstrate commercialized outputs. Over 2–6 months this keeps the company dependent on external capital or property transactions and raises execution risk until a material JV, sale or production path emerges.
Read all positive and negative factors
Positive Factors
Negative Factors
Low absolute debt
Reported low absolute debt levels reduce fixed financing obligations and preserve strategic flexibility. For an exploration company this durable low-interest burden supports continued asset optioning, JV negotiations and staged project spending without immediate solvency pressure, aiding multi-month project plans.
Read all positive factors
Silver Spruce Resources (SSE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$7.37M
Dividend YieldN/A
Average Volume (3M)29.68K
Price to Earnings (P/E)―
Beta (1Y)2.85
Revenue GrowthN/A
EPS Growth65.45%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding31,370,190
10 Day Avg. Volume41,498
30 Day Avg. Volume29,680
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)-5.34
Price to Sales (P/S)0.00
P/FCF Ratio-42.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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...
How the Company Makes Money
Silver Spruce Resources does not typically generate recurring operating revenue in the way a producing mining company does because it is primarily an exploration-stage issuer. As a result, its funding and potential value realization generally come...
Silver Spruce Resources Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
15
Very Negative
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -1.61K | -19.36K | -19.36K | -17.75K |
| EBITDA | -404.19K | -928.50K | -962.84K | -1.52M | -2.29M |
| Net Income | -379.91K | -961.78K | -1.05M | -1.54M | -2.39M |
Balance Sheet | |||||
| Total Assets | 37.41K | 112.06K | 410.71K | 385.22K | 1.47M |
| Cash, Cash Equivalents and Short-Term Investments | 10.36K | 2.19K | 377.58K | 221.93K | 1.18M |
| Total Debt | 58.30K | 0.00 | 1.73K | 21.98K | 41.24K |
| Total Liabilities | 643.80K | 354.07K | 213.45K | 354.65K | 311.83K |
| Stockholders Equity | -606.39K | -242.01K | 197.26K | 30.57K | 1.16M |
Cash Flow | |||||
| Free Cash Flow | -76.33K | -714.61K | -1.01M | -1.18M | -2.02M |
| Operating Cash Flow | -76.33K | -714.61K | -1.01M | -1.18M | -2.02M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 84.50K | 339.22K | 1.17M | 227.56K | 1.92M |
Silver Spruce Resources Peers Comparison
UnderperformOutperform
Sector (61)
TSE:SSE
Silver Spruce Resources
0.29
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0.05
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253.33%
TSE:BOLT
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TSE:SAO
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0.09
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240.00%
Silver Spruce Resources Corporate Events
Private Placements and Financing
Silver Spruce Raises $739,250 in First Tranche of Private Placement
Positive
Apr 2, 2026
Silver Spruce Resources has closed the first tranche of its non-brokered private placement, raising CAD$739,250 through the issuance of 3,696,250 units at CAD$0.20 each, with attached four-year warrants exercisable at CAD$0.30. The company plans t...
Business Operations and StrategyPrivate Placements and Financing
Silver Spruce to Raise Up to $2 Million in Private Placement for Exploration
Positive
Mar 2, 2026
Silver Spruce Resources has launched a non-brokered private placement of up to 10,000,000 units at $0.20 each to raise as much as $2,000,000, with each unit consisting of one common share and a four-year warrant exercisable at $0.30. The company p...
Business Operations and StrategyExecutive/Board Changes
Silver Spruce Bolsters Exploration Team With Appointment of Paul K. Smith as VP Exploration
Positive
Jan 29, 2026
Silver Spruce Resources has appointed veteran geologist Paul K. Smith, P.Geo., as Vice-President of Exploration, strengthening its technical leadership as it advances its Mexican gold and silver exploration projects. Smith, a qualified person unde...
Business Operations and StrategyExecutive/Board Changes
Silver Spruce Announces Departure of Long-Serving Exploration Executive
Negative
Jan 26, 2026
Silver Spruce Resources Inc. announced the resignation of Greg Davison from its board of directors and from his role as vice-president, exploration, effective January 23, 2026. The departure of a long-serving technical leader, who has been with th...
Business Operations and StrategyPrivate Placements and Financing
Silver Spruce Corrects Unit Count on $976,000 Private Placement
Positive
Jan 20, 2026
Silver Spruce Resources Inc. has corrected an error in its January 16, 2026 announcement regarding a non-brokered private placement, clarifying that the offering comprised 9,760,000 units rather than the previously stated 976,000 units, with all o...
Business Operations and Strategy
Silver Spruce Grants 2.1 Million Stock Options to Management and Staff
Positive
Jan 17, 2026
Silver Spruce Resources Inc. has granted 2.1 million stock options to directors, officers, employees and consultants, each exercisable at $0.30 per share for five years under its existing stock option plan. The move underscores the company’s...
Business Operations and StrategyPrivate Placements and Financing
Silver Spruce Raises $976,000 in Non‑Brokered Private Placement for Exploration Work
Positive
Jan 17, 2026
Silver Spruce Resources has closed a non-brokered private placement raising gross proceeds of $976,000 through the issuance of 976,000 units priced at $0.10, each consisting of one common share and one warrant exercisable at $0.15 for three years....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
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