Spruce Ridge Resources Ltd. reported earnings results for the third quarter and nine months ended January 31, 2023. For the third quarter, the company reported net income was CAD 1.27 million compared to CAD 5.64 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to CAD 0.03 a year ago.
For the nine months, sales was CAD 0.059688 million compared to CAD 0.042688 million a year ago. Net loss was CAD 3.83 million compared to CAD 0.602904 million a year ago. Basic loss per share from continuing operations was CAD 0.02.