Spruce Ridge Resources Stock Price on December 2, 2024
| SHL Stock | CAD 0.03 0.01 25.00% |
Below is the normalized historical share price chart for Spruce Ridge Resources extending back to June 02, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Spruce Ridge stands at 0.03, as last reported on the 11th of December 2024, with the highest price reaching 0.03 and the lowest price hitting 0.03 during the day.
If you're considering investing in Spruce Stock, it is important to understand the factors that can impact its price. Spruce Ridge appears to be out of control, given 3 months investment horizon. Spruce Ridge Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0433, which indicates the firm had a 0.0433% return per unit of risk over the last 3 months. We have found twenty technical indicators for Spruce Ridge Resources, which you can use to evaluate the volatility of the company. Please review Spruce Ridge's Variance of 79.98, coefficient of variation of 2361.03, and Risk Adjusted Performance of 0.0398 to confirm if our risk estimates are consistent with your expectations.
At this time, Spruce Ridge's Total Stockholder Equity is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to climb to about 228.6 M in 2024, whereas Capital Stock is likely to drop slightly above 16.3 M in 2024. . At this time, Spruce Ridge's Price To Sales Ratio is fairly stable compared to the past year. Price Earnings Ratio is likely to climb to 31.39 in 2024, despite the fact that Price To Operating Cash Flows Ratio is likely to grow to (35.41). Spruce Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.0435 | 50 Day MA 0.0314 | Beta 2.116 |
Spruce |
Sharpe Ratio = 0.0433
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Estimated Market Risk
| 9.16 actual daily | 81 81% of assets are less volatile |
Expected Return
| 0.4 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Spruce Ridge is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Spruce Ridge by adding it to a well-diversified portfolio.
Price Book 0.5353 | Enterprise Value Ebitda (3.24) | Price Sales 7.8 K | Shares Float 215.6 M | Earnings Share 0.02 |
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Spruce Ridge Valuation on December 2, 2024
It is possible to determine the worth of Spruce Ridge on a given historical date. On December 2, 2024 Spruce was worth 0.03 at the beginning of the trading date compared to the closed value of 0.04. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Spruce Ridge stock. Still, in general, we apply an absolute valuation method to find Spruce Ridge's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Spruce Ridge where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Spruce Ridge's related companies.
| Open | High | Low | Close | Volume | |
| 0.03 | 0.03 | 0.03 | 0.03 | 1.00 | |
12/02/2024 | 0.03 | 0.04 | 0.03 | 0.04 | 31,000 |
| 0.04 | 0.04 | 0.04 | 0.04 | 1.00 |
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Spruce Ridge Trading Date Momentum on December 2, 2024
| On December 03 2024 Spruce Ridge Resources was traded for 0.04 at the closing time. The highest daily price throughout the period was 0.04 and the lowest price was 0.04 . There was no trading activity during the period 1.0. Lack of trading volume on 12/03/2024 did not result in any price rise and fall. The trading price change to current closing price is 25.00% . |
Spruce Ridge Resources Fundamentals Correlations and Trends
By evaluating Spruce Ridge's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Spruce Ridge's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Spruce financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Spruce Ridge Stock history
Spruce Ridge investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Spruce is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Spruce Ridge Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Spruce Ridge stock prices may prove useful in developing a viable investing in Spruce Ridge
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 217.7 M | 228.6 M | |
| Net Loss | -6.7 M | -6.4 M |
Spruce Ridge Stock Technical Analysis
Spruce Ridge technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Spruce Ridge Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Spruce Ridge Resources cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Spruce Ridge December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Spruce Ridge stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Spruce Ridge shares will generate the highest return on investment. By undertsting and applying Spruce Ridge stock market strength indicators, traders can identify Spruce Ridge Resources entry and exit signals to maximize returns
Spruce Ridge Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Spruce Ridge's price direction in advance. Along with the technical and fundamental analysis of Spruce Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Spruce to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0398 | |||
| Jensen Alpha | 0.2184 | |||
| Total Risk Alpha | (1.05) | |||
| Treynor Ratio | 0.2806 |
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Additional Tools for Spruce Stock Analysis
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.