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Spruce Ridge Resources (SHL) AI Stock Analysis
Spruce Ridge Resources
(TSXV:SHL)
The score is primarily impacted by weak financial performance due to absent revenue and persistent losses, despite a solid balance sheet. Technical indicators provide some support with bullish price trends, while poor valuation metrics due to negative earnings weigh on the score.
Spruce Ridge Resources (SHL) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 92.95M
- Dividend Yield
- ―
- Average Volume (3M)
- 182.49K
- Price to Earnings (P/E)
- -395.0
- Beta (1Y)
- 2.34
- Revenue Growth
- ―
- EPS Growth
- 93.71%
- Country
- Canada
- Employees
- 0
- Sector
- General
- Sector Strength
- 55
- Industry
- Industrial Materials
Spruce Ridge Resources Business Overview & Revenue Model
Company Description
Homeland Nickel Inc. functions as a mineral exploration entity, dedicated to identifying, acquiring, and advancing promising mineral properties. Its current project portfolio encompasses the Cleopatra, Red Flat Nickel, Eight Dollar Mountain, Shamrock...
Spruce Ridge Resources Financial Statement Overview
Summary
Extremely weak income statement and cash flows from lack of revenue and ongoing losses, partially mitigated by a clean, debt-free balance sheet.
Income Statement
18Very NegativeBalance Sheet
72PositiveCash Flow
22Negative| Breakdown | TTM | Jul 2026 | Jul 2025 | Jul 2023 | Jan 2023 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 131.39K | 0 |
| Gross Profit | -16.66K | -16.66K | -18.94K | -54.31K | -484.00K | -5,680 |
| EBITDA | -821.30K | -1.57M | -2.24M | 345.59K | -2.69M | 23.15M |
| Net Income | -618.25K | -626.79K | -4.97M | 320.79K | -10.66M | 21.67M |
Balance Sheet | ||||||
| Total Assets | 9.35M | 9.35M | 10.11M | 14.43M | 16.84M | 34.13M |
| Cash, Cash Equivalents and Short-Term Investments | 2.92M | 2.92M | 3.87M | 7.44M | 7.45M | 10.93M |
| Total Debt | 0 | 0 | 0 | 0 | 60.00K | 60.00K |
| Total Liabilities | 275.57K | 275.57K | 521.68K | 241.90K | 612.23K | 1.91M |
| Stockholders Equity | 9.08M | 9.08M | 9.53M | 13.10M | 16.22M | 32.22M |
Cash Flow | ||||||
| Free Cash Flow | -2.18M | -1.73M | -1.61M | -1.42M | -3.15M | -1.39M |
| Operating Cash Flow | -1.70M | -1.70M | -1.61M | -257.34K | -3.02M | -1.34M |
| Investing Cash Flow | 1.72M | 1.72M | 1.75M | -777.16K | -71.10K | 134.29K |
| Financing Cash Flow | 102.50K | 102.50K | 0 | 992.99K | 1.63M | 3.39M |
Spruce Ridge Resources Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SHL, the sentiment is Positive. The current price of 0.40 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.41, and below the 200-day MA of 0.42, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 48.65 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SHL.
Spruce Ridge Resources Peers Comparison
Overall Rating
TSE:RRI48Neutral- TSE:SHL48Neutral
TSE:XGC42Neutral
TSE:NOB41Neutral
TSE:PEX40Underperform
TSE:ATHA37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:RRI | 48Neutral | CAD 32.80M | 16.13 | 12.62% | ― | ― | ― |
| TSE:SHL | 48Neutral | CAD 92.95M | -395.00 | -2.72% | ― | ― | 93.71% |
| TSE:XGC | 42Neutral | CAD 31.83M | -6.88 | 98.13% | ― | ― | -382.47% |
| TSE:NOB | 41Neutral | CAD 14.57M | 1.94 | 55.78% | ― | ― | ― |
| TSE:PEX | 40Underperform | CAD 11.19M | -1.00 | -76.18% | ― | ― | 40.53% |
| TSE:ATHA | 37Underperform | CAD 7.16M | -0.30 | -42.87% | ― | ― | -1169.72% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:SHL | Spruce Ridge Resources | 0.40 | 0.32 | 393.75% | |
| TSE:XGC | Xali Gold Corp. | 0.19 | 0.11 | 150.67% | |
| TSE:NOB | Noble Mineral Exploration | 0.06 | 0.01 | 30.95% | |
| TSE:PEX | Pacific Ridge Exploration | 0.12 | -0.12 | -52.08% | |
| TSE:RRI | Riverside Resources | 0.35 | 0.13 | 59.09% | |
| TSE:ATHA | Athena Gold Corporation | 0.20 | -0.39 | -66.33% |
Spruce Ridge Resources Corporate Events
Homeland Nickel Strikes Binding Offtake Deal With Westwin to Supply U.S. Refinery From Oregon Project
PositiveHomeland Nickel Inc. has signed a binding offtake agreement with Westwin Elements Inc. for nickel concentrate from its Red Flat Nickel Project in southern Oregon, giving Westwin its first mine-direct, domestic source of nickel feedstock. Under the de...
Homeland Nickel Advances U.S. Projects and Raises C$3.04 Million in Private Placement
PositiveHomeland Nickel has secured U.S. Forest Service acceptance of its Plan of Operation for a sonic drill program at the Red Flat Nickel Project, with environmental and cultural reviews already underway, and plans to submit a revised operating plan for t...
Homeland Nickel Raises C$3.04 Million in Fully Subscribed Private Placement
PositiveHomeland Nickel Inc. has fully subscribed its previously announced non-brokered private placement of 8,000,000 units at C$0.38 per unit, for gross proceeds of about C$3.04 million, each unit comprising one common share and half a warrant exercisable...
Homeland Nickel Reclaims Royalties and Milestone Rights in Oregon Nickel Deal
PositiveHomeland Nickel Inc. has struck a new agreement with RAB Capital Holdings to reacquire all net smelter return royalties and milestone payment obligations on its Southern Oregon nickel laterite properties, including Cleopatra and Eight-Dollar Mountain...
Homeland Nickel Launches C$3.04 Million Financing to Advance U.S. Nickel Projects
PositiveHomeland Nickel Inc. plans to raise up to C$3.04 million through a non-brokered private placement of 8 million units priced at C$0.38, each comprising a common share and half a warrant exercisable at C$0.50 over 24 months. The financing is intended t...
Homeland Nickel to Sell Oregon Shamrock Project to American Gold & Copper
PositiveHomeland Nickel Inc. has agreed to sell its Shamrock Nickel-Copper Project in southern Oregon to American Gold & Copper Inc. under a non-binding letter of intent structured as an asset acquisition. The project comprises 40 unpatented lode mining...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 02, 2026