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Silver Spruce Resources

Executive Summary

Silver Spruce Resources Inc., a junior exploration company, explores for precious and base minerals.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has Silver Spruce Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SSE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

SSE

-3.5%

CA Metals and Mining

2.2%

CA Market


1 Year Return

-11.1%

SSE

26.7%

CA Metals and Mining

-10.1%

CA Market

Return vs Industry: SSE underperformed the Canadian Metals and Mining industry which returned 28.6% over the past year.

Return vs Market: SSE matched the Canadian Market which returned -10.3% over the past year.


Shareholder returns

SSEIndustryMarket
7 Day0%-3.5%2.2%
30 Day33.3%-4.9%5.8%
90 Day33.3%16.9%-5.3%
1 Year-11.1%-11.1%27.6%26.7%-7.1%-10.1%
3 Year-42.9%-42.9%10.3%8.4%1.8%-7.7%
5 Year14.3%14.3%52.9%48.7%19.1%1.5%

Price Volatility Vs. Market

How volatile is Silver Spruce Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Silver Spruce Resources undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Silver Spruce Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Silver Spruce Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of SSE’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.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Silver Spruce Resources regulatory filings.
  • Explore potentially undervalued companies in the Materials industry.

Future Growth

How is Silver Spruce Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.5%

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 Silver Spruce 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.


Next Steps

Past Performance

How has Silver Spruce Resources performed over the past 5 years?

5.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SSE is currently unprofitable.

Growing Profit Margin: SSE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SSE is unprofitable, but has reduced losses over the past 5 years at a rate of 5.4% per year.

Accelerating Growth: Unable to compare SSE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SSE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (14.8%).


Return on Equity

High ROE: SSE's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Silver Spruce Resources's financial position?


Financial Position Analysis

Short Term Liabilities: SSE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SSE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SSE has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SSE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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: SSE has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: SSE is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Silver Spruce Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SSE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SSE'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 SSE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SSE'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 SSE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.2yrs

Average management tenure


CEO

Brian Penney

0.17

Tenure

CA$50,950

Compensation

Dr. Brian K. Penney, Ph.D., DIC, P.Eng., serves as Chief Executive Officer of Silver Spruce Resources Inc. since April 22, 2020 and served as its Interim Chief Financial Officer since September 25, 2019 un ...


Leadership Team

NamePositionTenureCompensationOwnership
Brian Penney
Chairman & CEO0.17yrCA$50.95k6.12% CA$259.3k
Camilla Cormier
Chief Financial Officer0.17yrno datano data
William MacPherson
Consultant & Advisor4.25yrsno datano data

0.2yrs

Average Tenure

Experienced Management: SSE's management team is not considered experienced ( 0.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Brian Penney
Chairman & CEO0.17yrCA$50.95k6.12% CA$259.3k
Arthur Brown
Independent Director5yrsno data0.24% CA$10.0k
Gregory Davison
Independent Director3.08yrsno data2.69% CA$113.8k
George Riche
Member of Advisory Board13yrsno datano data
Ed Montague
Member of Advisory Board13yrsno datano data
Marcel Ashini
Member of Advisory Board13yrsno datano data
Ernest McLean
Member of Advisory Board13yrsno datano data
Kevin Thieneman
Director0.17yrno datano data
Kevin O'Connor
Independent Director1.5yrsno datano data

5.0yrs

Average Tenure

Experienced Board: SSE's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SSE insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 23.2%.


Top Shareholders

Company Information

Silver Spruce Resources Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Silver Spruce Resources Inc.
  • Ticker: SSE
  • Exchange: TSXV
  • Founded: 1996
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$4.234m
  • Shares outstanding: 105.85m
  • Website: https://www.silverspruceresources.com

Location

  • Silver Spruce Resources Inc.
  • 1550 Bedford Highway
  • Suite 802
  • Bedford
  • Nova Scotia
  • B4A 1E6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSETSXV (TSX Venture Exchange)YesCommon SharesCACADJan 1997
S6Q1DB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1997
SSEB.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 1997

Biography

Silver Spruce Resources Inc., a junior exploration company, explores for precious and base minerals. The company primarily explores for copper, zinc, lead, silver, gold, and rare earth elements. It holds 100% interest in the Pino de Plata project covering an area of 397 hectare located in southwest corner of the state of Chihuahua, Mexico; and 100% interest in the Melchett Lake VMS Project covering an area of 3,996 hectare located in the Thunder Bay mining district, Northern Ontario, Canada. The company was formerly known as First Labrador Acquisitions Inc. and changed its name to Silver Spruce Resources Inc. in October 2004. Silver Spruce Resources Inc. was founded in 1996 and is headquartered in Bedford, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 02:37
End of Day Share Price2020/06/04 00:00
Earnings2020/01/31
Annual Earnings2019/10/31


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.