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1 Comment
Spruce Ridge Resources Ltd is currently in a long term downtrend where the price is trading 2.3% below its 200 day moving average.
From a valuation standpoint, the stock is 100.0% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 0.0.
Spruce Ridge Resources Ltd's total revenue sank by nan% to $0 since the same quarter in the previous year.
Its net income has dropped by 130.2% to $-244K since the same quarter in the previous year.
Finally, its free cash flow fell by 105612.8% to $-1M since the same quarter in the previous year.
Based on the above factors, Spruce Ridge Resources Ltd gets an overall score of 1/5.
| Industry | Other Industrial Metals & Mining |
|---|---|
| Sector | Basic Materials |
| ISIN | CA85290C1032 |
| CurrencyCode | CAD |
| Exchange | V |
| Dividend Yield | 0.0% |
|---|---|
| Market Cap | 11M |
| Target Price | None |
| PE Ratio | 1.2 |
| Beta | 1.99 |
Spruce Ridge Resources Ltd., an exploration stage company, engages in the exploration of mineral properties. The company holds 100% interest in the Great Burnt copper-gold property located in Central Newfoundland; and the Foggy Pond property comprising 767 claims covering an area of approximately 19,175 hectares, as well as owns producing oil wells in Unity, Saskatchewan. It also holds an option to acquire 89% interest in the Nora Lake Property located in Ontario. The company was incorporated in 1989 and is headquartered in Puslinch, Canada.
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