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Silver Spruce Resources
(SSE)
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Rating:40Underperform
Price Target:
C$0.06
▼(-22.50% Downside)
Action:Downgraded
Date:10/01/26
The score is driven primarily by weak financial performance (no revenue, ongoing losses, and continued cash burn) and bearish technical conditions (below major moving averages with negative MACD). Valuation does not provide support because losses make the negative P/E less meaningful and no dividend yield is available.
Positive Factors
Low current leverage
The current debt burden is modest relative to reported equity, reducing interest obligations and near-term financing pressure. This gives Silver Spruce some financial flexibility to continue exploration activities, although the benefit is tempered by its history of balance-sheet instability.
Negative Factors
No demonstrated revenue
The absence of reported revenue means Silver Spruce has not yet demonstrated commercial traction or an operating source of recurring income. Without top-line generation, funding for exploration and property evaluation remains dependent on capital resources rather than internally supported business activity.
Read all positive and negative factors
Positive Factors
Negative Factors
Low current leverage
The current debt burden is modest relative to reported equity, reducing interest obligations and near-term financing pressure. This gives Silver Spruce some financial flexibility to continue exploration activities, although the benefit is tempered by its history of balance-sheet instability.
Read all positive factors
Silver Spruce Resources (SSE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.25M
Dividend YieldN/A
Average Volume (3M)36.10K
Price to Earnings (P/E)―
Beta (1Y)3.49
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. Volume50,344
30 Day Avg. Volume36,105
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...
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
Negative
0.08
Price Trends
0.08
Negative
0.10
Negative
0.18
Negative
Market Momentum
>-0.01
Positive
23.84
Positive
<0.01
Positive
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 0.08 is above the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.08, and below the 200-day MA of 0.18, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 23.84 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, 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
UnderperformOutperform
Sector (55)
TSE:SSE
Silver Spruce Resources
0.06
-0.16
-72.00%
TSE:CBLT
CBLT Inc
0.05
0.02
76.67%
TSE:SAO
South Atlantic Gold
0.06
0.02
71.43%
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 follow...
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.