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Silver Spruce Resources
(SSE)
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Select Model
Rating:42Neutral
Price Target:
C$0.09
▲(7.50% Upside)
Action:Upgraded
Date:07/18/26
The score is driven primarily by weak financial performance (no revenue, ongoing losses, and cash burn). Technicals add further pressure with a clear downtrend (price below all major moving averages and negative MACD). Valuation is constrained by negative earnings (negative P/E) and no dividend support.
Positive Factors
Low Debt Burden
Very modest debt limits interest and refinancing pressure, preserving financial flexibility for exploration spending. This is a durable advantage versus highly leveraged explorers, although it does not offset the company’s weak cash generation.
Negative Factors
No Demonstrated Revenue Base
Without recurring operating revenue, the company lacks a self-sustaining commercial engine and must depend on project transactions or financing. This makes financial performance highly dependent on exploration success and the availability of external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Debt Burden
Very modest debt limits interest and refinancing pressure, preserving financial flexibility for exploration spending. This is a durable advantage versus highly leveraged explorers, although it does not offset the company’s weak cash generation.
Read all positive factors
Silver Spruce Resources (SSE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$3.03M
Dividend YieldN/A
Average Volume (3M)28.16K
Price to Earnings (P/E)―
Beta (1Y)3.25
Revenue GrowthN/A
EPS Growth-13.66%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.06
Shares Outstanding35,681,606
10 Day Avg. Volume32,250
30 Day Avg. Volume28,155
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
Based in Bedford, Canada, Silver Spruce Resources Inc., founded in 1996, functions as a junior enterprise dedicated to the exploration of precious and base minerals. The company's exploration activities target various metals and elements such as c...
How the Company Makes Money
Silver Spruce Resources does not typically generate recurring operating revenue from selling products or services; instead, its business model is primarily value creation through mineral exploration and project transactions. The company generally ...
Silver Spruce Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
34
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | -1.61K | -19.36K | -19.36K | -17.75K |
| EBITDA | -1.24M | -404.19K | -928.50K | -962.84K | -1.52M | -2.29M |
| Net Income | -1.25M | -379.91K | -961.78K | -1.05M | -1.54M | -2.39M |
Balance Sheet | ||||||
| Total Assets | 759.59K | 37.41K | 112.06K | 410.71K | 385.22K | 1.47M |
| Cash, Cash Equivalents and Short-Term Investments | 716.10K | 10.36K | 2.19K | 377.58K | 221.93K | 1.18M |
| Total Debt | 35.00K | 58.30K | 0.00 | 1.73K | 21.98K | 41.24K |
| Total Liabilities | 297.38K | 643.80K | 354.07K | 213.45K | 354.65K | 311.83K |
| Stockholders Equity | 462.21K | -606.39K | -242.01K | 197.26K | 30.57K | 1.16M |
Cash Flow | ||||||
| Free Cash Flow | -853.98K | -76.33K | -714.61K | -1.01M | -1.18M | -2.02M |
| Operating Cash Flow | -853.98K | -76.33K | -714.61K | -1.01M | -1.18M | -2.02M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 1.57M | 84.50K | 339.22K | 1.17M | 227.56K | 1.92M |
Silver Spruce Resources Technical Analysis
Neutral
0.08
Price Trends
0.27
Negative
0.22
Positive
Market Momentum
-0.02
Positive
45.82
Neutral
48.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SSE, the sentiment is Neutral. The current price of 0.08 is below the 20-day moving average (MA) of 0.24, below the 50-day MA of 0.27, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 45.82 is Neutral, neither overbought nor oversold. The STOCH value of 48.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:SSE.
Silver Spruce Resources Peers Comparison
UnderperformOutperform
Sector (55)
TSE:SSE
Silver Spruce Resources
0.08
-0.22
-73.24%
TSE:CBLT
CBLT Inc
0.05
0.02
51.43%
TSE:SAO
South Atlantic Gold
0.07
0.04
133.33%
Silver Spruce Resources Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Silver Spruce Moves to Clean Up Balance Sheet With Share-Based Debt Settlement
Positive
Aug 14, 2026
Silver Spruce Resources Inc., a Canadian junior explorer with silver and polymetallic assets in Mexico and Ontario, is advancing projects near major mining operations and known deposits. Its portfolio spans high-grade silver and gold-silver epithe...
Business Operations and StrategyExecutive/Board Changes
Silver Spruce Resources Names New CFO and Reshapes Audit Committee
Positive
Aug 10, 2026
Silver Spruce Resources has appointed Kevin Thieneman as Chief Financial Officer, succeeding Michael Kinley, as part of a broader refresh of its leadership and governance structure. Thieneman, a former president of Caterpillar’s Forest Produ...
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
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.