Spruce Ridge Financials

Spruce Ridge Stock Summary

Spruce Ridge competes with GoldQuest Mining, Freegold Ventures, Fireweed Zinc, Arafura Resources, and Troilus Gold. Spruce Ridge Resources Ltd., an exploration-stage company, engages in the acquisition, exploration, and development of mineral properties. The company was incorporated in 1989 and is headquartered in Puslinch, Canada. Spruce Ridge is traded on OTC Exchange in the United States.

Spruce Ridge Key Financial Ratios

There are many critical financial ratios that Spruce Ridge's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Spruce Ridge Resources reports annually and quarterly.

Spruce Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Spruce Ridge's current stock value. Our valuation model uses many indicators to compare Spruce Ridge value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Spruce Ridge competition to find correlations between indicators driving Spruce Ridge's intrinsic value. More Info.Spruce Ridge Resources is currently regarded as top stock in return on equity category among its peers. It is rated fourth in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Spruce Ridge's earnings, one of the primary drivers of an investment's value.

Along with financial statement analysis, the daily predictive indicators of Spruce Ridge help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Spruce Ridge Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Spruce Ridge Resources based on widely used predictive technical indicators. In general, we focus on analyzing Spruce OTC Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Spruce Ridge's daily price indicators and compare them against related drivers.

When running Spruce Ridge's price analysis, check to measure Spruce Ridge's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spruce Ridge is operating at the current time. Most of Spruce Ridge's value examination focuses on studying past and present price action to predict the probability of Spruce Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spruce Ridge's price. Additionally, you may evaluate how the addition of Spruce Ridge to your portfolios can decrease your overall portfolio volatility.