As of June 17, 2025, Spruce Ridge Resources Ltd (SHL.V) reports a Gross Margin of 98.55%.
Gross Margin indicates the portion of sales revenue remaining after covering production costs, highlighting operational efficiency.
Historical Trend of Spruce Ridge Resources Ltd's Gross Margin
Over recent years, Spruce Ridge Resources Ltd's Gross Margin has shown a stable trend. The table below summarizes the historical values:
| Date | Gross Margin |
|---|---|
| 2024-04-30 | 98.55% |
| 2023-04-30 | 98.55% |
| 2022-04-30 | 91.94% |
This steady improvement highlights how Spruce Ridge Resources Ltd manages its operational efficiency and pricing power over time.
Comparing Spruce Ridge Resources Ltd's Gross Margin to Peers
To better understand Spruce Ridge Resources Ltd's position, it's useful to compare its Gross Margin against industry peers. Below are selected comparisons:
| Company | Gross Margin |
|---|---|
| Spruce Ridge Resources Ltd (SHL.V) | 98.55% |
| Global Battery Metals Ltd (GBML.V) | 7775.20% |
| Qmc Quantum Minerals Corp (QMC.V) | 7775.20% |
| Vanadiumcorp Resource Inc (VRB.V) | 7775.20% |
| Contact Gold Corp (C.V) | 7775.20% |
| KWG Resources Inc (KWG.CN) | 7775.20% |
Compared to its competitors, Spruce Ridge Resources Ltd's Gross Margin is among the lowest compared to peers, suggesting potential challenges in production costs or pricing strategy.