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Silver Spruce Resources (SSE) AI Stock Analysis

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TSE:SSE

Silver Spruce Resources

(TSXV:SSE)

Select Model
Rating:41Neutral
Price Target:CAD 0.05â–²(17.78% Upside)
Action:upgraded
Date:10/24/26

The score is driven primarily by very weak financial performance (no revenue, continued losses, and cash burn). Technical indicators further weigh on the rating due to a clear downtrend and negative momentum. Valuation provides limited support because the company is loss-making (negative P/E) and no dividend yield is available.

Positive Factors
Low Debt BurdenModest leverage limits near-term balance-sheet pressure and reduces interest obligations relative to equity. This gives Silver Spruce some financial flexibility compared with a highly indebted explorer, although the benefit is tempered by its history of negative equity.
Negative Factors
No Revenue BaseWith no demonstrated revenue, Silver Spruce lacks an operating income stream to fund exploration and corporate costs. The absence of top-line traction makes financial performance dependent on financing or asset outcomes, limiting visibility into sustainable earnings power.

Silver Spruce Resources (SSE) vs. iShares MSCI Canada ETF (EWC)

-100%-50%0%50%100%150%200%TSE:SSE-70.00%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 1.61M
Dividend Yield
―
Average Volume (3M)
45.76K
Price to Earnings (P/E)
-0.8
Beta (1Y)
3.67
Revenue Growth
―
EPS Growth
-13.66%
Country
Canada
Employees
0
Sector
General
Sector Strength
55
Industry
Industrial Materials

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 copp...

Silver Spruce Resources Financial Statement Overview

Summary

Overall financial profile is very weak: no revenue reported, recurring operating/net losses, and ongoing cash burn (TTM operating cash flow around -$0.85M). Low debt is a positive, but the recent history of negative equity and fluctuating assets keeps financial risk elevated.

Income Statement

12Very Negative

Balance Sheet

34Negative

Cash Flow

18Very Negative
Financial statement breakdown
BreakdownTTMJan 2026Jan 2025Jan 2024Jan 2023Jan 2022
Income Statement
Total Revenue000000
Gross Profit00-1,612-19.36K-19.36K-17.75K
EBITDA-1.15M-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 Assets759.59K37.41K112.06K410.71K385.22K1.47M
Cash, Cash Equivalents and Short-Term Investments716.10K10.36K2,186377.58K221.93K1.18M
Total Debt35.00K58.30K01,73321.98K41.24K
Total Liabilities297.38K643.80K354.07K213.45K354.65K311.83K
Stockholders Equity462.21K-606.39K-242.01K197.26K30.57K1.16M
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 Flow000000
Financing Cash Flow1.57M84.50K339.22K1.17M227.56K1.92M

Silver Spruce Resources Technical Analysis

Technical Analysis SentimentNegative
Last Price0.04

Price Trends

50DMA0.07Negative
100DMA0.08Negative
200DMA0.16Negative

Market Momentum

MACD-0.01Positive
RSI34.08Neutral
STOCH26.67Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SSE, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.07, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 34.08 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SSE.

Silver Spruce Resources Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TSE:SSE against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TSE:CBLTTSE:CBLT50NeutralCAD 4.09M-29.4138.43%――-30.77%
TSE:SSETSE:SSE41NeutralCAD 1.61M-0.82876.05%――-13.66%

* General Sector Average

Performance Comparison

0%100%200%TSE:SSETSE:CBLTTSE:SAODec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:SSE and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:SSESilver Spruce Resources0.04-0.10-69.80%
TSE:CBLTCblt Inc0.050.0132.50%
TSE:SAOSouth Atlantic Gold, Inc.0.060.0257.50%

Silver Spruce Resources Corporate Events

Business Operations and StrategyPrivate Placements and Financing

Silver Spruce Wins TSXV Nod to Settle Debt with Share Issuance

Positive
Sep 22, 2026

Silver Spruce Resources Inc. has received conditional approval from the TSX Venture Exchange to settle $20,000 of debt through the issuance of 210,526 common shares at a deemed price of $0.095 per share, with the transaction to be completed following...

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 epitherma...

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 Products...

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.

Date of analysis: Oct 24, 2026