TSXV:SSP

Stock Analysis Report

Sandspring Resources

Executive Summary

Sandspring Resources Ltd., a junior mining company, explores for and develops gold and related minerals in Guyana, South America.

Snowflake

Fundamentals

Mediocre balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-6.9%

SSP

0.1%

CA Metals and Mining

-0.2%

CA Market


1 Year Return

12.5%

SSP

12.3%

CA Metals and Mining

1.1%

CA Market

Return vs Industry: SSP matched the Canadian Metals and Mining industry which returned 12.3% over the past year.

Return vs Market: SSP exceeded the Canadian Market which returned 1.1% over the past year.


Shareholder returns

SSPIndustryMarket
7 Day-6.9%0.1%-0.2%
30 Day-28.9%-5.2%-3.3%
90 Day31.7%-4.8%-1.6%
1 Year12.5%12.5%13.2%12.3%4.6%1.1%
3 Year-55.0%-55.0%-11.5%-13.1%13.1%3.1%
5 Year-25.0%-25.0%7.5%3.4%24.7%6.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.38x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate SSP's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate SSP's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SSP is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: SSP is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate SSP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SSP is overvalued based on its PB Ratio (3.4x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

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

43.8%

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 Sandspring 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 Sandspring Resources performed over the past 5 years?

11.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SSP is unprofitable, but has reduced losses over the past 5 years at a rate of 11.6% per year.

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

Earnings vs Industry: SSP is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-13.7%).


Return on Equity

High ROE: SSP has a negative Return on Equity (-43.78%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: SSP is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SSP is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Sandspring Resources's financial position?


Financial Position Analysis

Short Term Liabilities: SSP's short term assets (CA$3.6M) exceeds its short term liabilities (CA$2.3M)

Long Term Liabilities: SSP's short term assets (3.6M) do not cover its long term liabilities (16.9M)


Debt to Equity History and Analysis

Debt Level: SSP is debt free.

Reducing Debt: SSP has not had any debt for past 5 years.


Balance Sheet

Inventory Level: SSP has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if SSP's debt is covered by short term assets.


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: SSP has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SSP has less than a year of cash runway if free cash flow continues to reduce at historical rates of -18.6% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate SSP's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if SSP's dividends per share have been stable in the past.

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


Next Steps

Management

What is the CEO of Sandspring Resources's salary, the management and board of directors tenure and is there insider trading?

8.8yrs

Average management tenure


CEO

Rich Munson (67yo)

9.9yrs

Tenure

CA$202,664

Compensation

Mr. Richard A. Munson, also known as Rich, B.A., J.D., L.L.M. has been the Chief Executive Officer and Corporate Secretary of Sandspring Resources Ltd. since November 24, 2009 and serves as its President.  ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Rich's total compensation is reasonable compared to companies of similar size in the Canadian market.

Compensation vs Earnings: Rich's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

8.8yrs

Average Tenure

60.5yo

Average Age

Experienced Management: SSP's management team is seasoned and experienced (8.8 years average tenure).


Board Age and Tenure

6.1yrs

Average Tenure

63yo

Average Age

Experienced Board: SSP's board of directors are considered experienced (6.1 years average tenure).


Insider Trading

Insider Buying: SSP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$1,000,00305 Sep 19
Gran Colombia Gold Corp.
EntityCompany
Shares5,000,000
Max PriceCA$0.20
SellCA$4,00030 Aug 19
David Constable
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,000
Max PriceCA$0.40
BuyCA$60,00030 Aug 19
Gordon Keep
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares300,000
Max PriceCA$0.20
SellCA$41,50029 Aug 19
David Constable
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares100,000
Max PriceCA$0.41
BuyCA$1,855,00628 Aug 19
Brian Paes-Braga
EntityIndividual
Shares9,275,000
Max PriceCA$0.20
BuyCA$350,00128 Aug 19
Domenica Fiore Corporation
EntityCompany
Shares1,750,000
Max PriceCA$0.20
BuyCA$50,00014 Jun 19
Serafino Iacono
EntityIndividual
Shares400,000
Max PriceCA$0.13
BuyCA$1,349,99914 Jun 19
Gran Colombia Gold Corp.
EntityCompany
Shares10,800,000
Max PriceCA$0.13
BuyCA$50,00014 Jun 19
Gordon Keep
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares400,000
Max PriceCA$0.13
BuyCA$300,00013 Jun 19
Frank Giustra
EntityIndividual
Role
Other Professional
Shares2,400,000
Max PriceCA$0.13
BuyCA$700,00011 Feb 19
Gran Colombia Gold Corp.
EntityCompany
Shares2,500,000
Max PriceCA$0.28
BuyCA$219,99917 Dec 18
Frank Giustra
EntityIndividual
Role
Other Professional
Shares1,000,000
Max PriceCA$0.22

Ownership Breakdown


Management Team

  • Frank Giustra (61yo)

    • Tenure: 2.6yrs
  • Joel Schneyer (60yo)

    Consultant

    • Tenure: 9.7yrs
    • Compensation: CA$270.09k
  • Lucas Claessens

    Senior Exploration Consultant

    • Tenure: 0yrs
    • Compensation: CA$353.70k
  • Rich Munson (67yo)

    President

    • Tenure: 9.9yrs
    • Compensation: CA$202.66k
  • P. Barnes (55yo)

    Executive VP & Director

    • Tenure: 9.7yrs
    • Compensation: CA$173.11k
  • P.Geo. Van Osta

    Senior Exploration Consultant

    • Tenure: 0yrs
  • Jessica Van Den Akker

    Chief Financial Officer

    • Tenure: 2.8yrs

Board Members

  • Garry Keep (62yo)

    Independent Director

    • Tenure: 2.6yrs
  • David Constable (71yo)

    Independent Director

    • Tenure: 8.8yrs
  • Harry Pokrandt (59yo)

    Independent Director

    • Tenure: 4.1yrs
  • David Laing (63yo)

    Independent Director

    • Tenure: 4.1yrs
  • Rich Munson (67yo)

    President

    • Tenure: 9.9yrs
    • Compensation: CA$202.66k
  • John Adams (73yo)

    Independent Chairman of the Board

    • Tenure: 8.8yrs
  • P. Barnes (55yo)

    Executive VP & Director

    • Tenure: 9.7yrs
    • Compensation: CA$173.11k
  • Suresh Beharry

    Independent Director

    • Tenure: 8.1yrs
  • Federico Restrepo-Solano

    Independent Director

    • Tenure: 1.3yrs
  • Lombardo Arenas

    Independent Director

    • Tenure: 1.3yrs

Company Information

Sandspring Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sandspring Resources Ltd.
  • Ticker: SSP
  • Exchange: TSXV
  • Founded: 2006
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$73.974m
  • Shares outstanding: 273.98m
  • Website: https://www.sandspringresources.com

Location

  • Sandspring Resources Ltd.
  • 9137 East Mineral Circle
  • Suite 180
  • Centennial
  • Colorado
  • 80112
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSPTSXV (TSX Venture Exchange)YesCommon SharesCACADDec 2009
SRX1DB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2009
SSPX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2009

Biography

Sandspring Resources Ltd., a junior mining company, explores for and develops gold and related minerals in Guyana, South America. It primarily explores for gold, copper, and silver deposits. The company’s  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:54
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.