Spruce Ridge Resources Stock Analysis

Spruce OTC Stock Analysis Notes

About 26.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.18. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Spruce Ridge Resources had not issued any dividends in recent years. 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.The quote for Spruce Ridge Resources is listed on Over The Counter exchange (i.e., OTC), and the entity is not required to meet listing requirements such as those found on the Nasdaq, NYSE, or AMEX exchanges. To find out more about Spruce Ridge Resources contact the company at 519 822 5904 or learn more at https://www.spruceridgeresources.com.

Spruce Ridge Resources Investment Alerts

Spruce Market Capitalization

The company currently falls under 'Nano-Cap' category with a current market capitalization of 7.96 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Spruce Ridge's market, we take the total number of its shares issued and multiply it by Spruce Ridge's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Spruce Profitablity

The company has Profit Margin (PM) of 168.75 %, which can signify that it executes well on its competitive strategies and has good control over its expenditures. This is very large. Similarly, it shows Operating Margin (OM) of (45.3) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $45.3.

Technical Drivers

As of the 26th of December, Spruce Ridge has the Risk Adjusted Performance of 0.0533, semi deviation of 7.27, and Coefficient Of Variation of 1597.12. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Spruce Ridge Resources, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Spruce Ridge Resources, which can be compared to its competition. Please validate Spruce Ridge Resources maximum drawdown, as well as the relationship between the downside variance and skewness to decide if Spruce Ridge is priced more or less accurately, providing market reflects its prevalent price of 0.067 per share. As Spruce Ridge Resources appears to be a penny stock we also recommend to double-check its total risk alpha numbers.

Spruce Ridge Resources Price Movement Analysis

Spruce Ridge Predictive Daily Indicators

Spruce Ridge Forecast Models

Spruce Ridge's time-series forecasting models are one of many Spruce Ridge's otc stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Spruce Ridge's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

OTC Stock analysis is the technique used by a trader or investor to examine and evaluate how Spruce Ridge prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Spruce shares will generate the highest return on investment. We also built our otc analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual OTC such as Spruce Ridge. By using and applying Spruce OTC Stock analysis, traders can create a robust methodology for identifying Spruce entry and exit points for their positions.

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.