Spruce Ridge Resources Ltd., an exploration-stage company, engages in the acquisition and exploration of mineral properties in North America.
+ 1 more risk
Mediocre balance sheet with weak fundamentals.
Share Price & News
How has Spruce Ridge Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SHL's share price has been volatile over the past 3 months.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: SHL exceeded the Canadian Metals and Mining industry which returned 46.3% over the past year.
Return vs Market: SHL exceeded the Canadian Market which returned -13.7% over the past year.
Price Volatility Vs. Market
How volatile is Spruce Ridge Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StWhat Type Of Shareholder Owns Spruce Ridge Resources Ltd.'s (CVE:SHL)?
4 months ago | Simply Wall StWho Has Been Selling Spruce Ridge Resources Ltd. (CVE:SHL) Shares?
6 months ago | Simply Wall StWhat Type Of Shareholder Owns Spruce Ridge Resources Ltd.'s (CVE:SHL)?
Is Spruce Ridge Resources undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SHL's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SHL's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SHL is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: SHL is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SHL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SHL is overvalued based on its PB Ratio (4.7x) compared to the CA Metals and Mining industry average (1.7x).
How is Spruce Ridge Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Spruce Ridge Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Take a look at our analysis of SHL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Spruce Ridge Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Spruce Ridge Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SHL is currently unprofitable.
Growing Profit Margin: SHL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SHL is unprofitable, and losses have increased over the past 5 years at a rate of -20.7% per year.
Accelerating Growth: Unable to compare SHL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SHL is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (16.1%).
Return on Equity
High ROE: SHL has a negative Return on Equity (-26.4%), as it is currently unprofitable.
How is Spruce Ridge Resources's financial position?
Financial Position Analysis
Short Term Liabilities: SHL's short term assets (CA$109.5K) do not cover its short term liabilities (CA$712.2K).
Long Term Liabilities: SHL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SHL's debt to equity ratio (3%) is considered satisfactory.
Reducing Debt: SHL's debt to equity ratio has reduced from 44.2% to 3% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SHL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SHL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 8.9% each year
What is Spruce Ridge Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SHL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SHL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SHL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SHL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SHL's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
John Ryan (65yo)
Mr. John A. Ryan, CPA, CGA, was Chief Financial Officer of Jourdan Resources Inc. since August 29, 2017 until December 14, 2018. Mr. Ryan serves as Secretary of DXStorm.com Inc. Mr. Ryan served as the Chie ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD155.71K).
Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.
|CEO, President & Director||19.42yrs||CA$58.00k||9.27% CA$683.5k|
|CFO & Director||15.5yrs||no data||no data|
|VP of Exploration & Director||25.08yrs||no data||no data|
|Independent Director||1.83yrs||no data||no data|
|Independent Director||5.42yrs||no data||no data|
Experienced Board: SHL's board of directors are seasoned and experienced ( 15.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SHL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.5%.
Spruce Ridge Resources Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Spruce Ridge Resources Ltd.
- Ticker: SHL
- Exchange: TSXV
- Founded: 1989
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$7.372m
- Shares outstanding: 113.41m
- Website: https://www.spruceridgeresources.com
- Spruce Ridge Resources Ltd.
- 7735 Leslie Road West
- N0B 2J0
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SHL||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Dec 2000|
|SRCG.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Dec 2000|
Spruce Ridge Resources Ltd., an exploration-stage company, engages in the acquisition and exploration of mineral properties in North America. It explores for gold, copper, zinc, cobalt, and silver deposits. The company holds a 100% interest in the Great Burnt copper gold property located in central Newfoundland. It also holds an option to acquire interests in the Nora Lake property located in Ontario; the Crawford property north of Timmins, Ontario; and the Metals Creek and Viking/Kramer gold properties located in Western Newfoundland. The company was incorporated in 1989 and is headquartered in Puslinch, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/28 02:40|
|End of Day Share Price||2020/05/22 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.