Pink Sheets: West High Yield (WHY) Resources Ltd (WHYRF) news stock charts
West High Yield (WHY) Resources Ltd (WHYRF/WHYRF.PK) Penny Investment Summary:
West High Yield (W.H.Y) Resources Ltd. engages in the acquisition, exploration, and development of mineral resource properties in Canada. It focuses on gold, nickel, and magnesium properties. The company was founded in 2003 and is based in Calgary, Canada.WEST HIGH YIELD WHY RESOURCE (WHYRF:Pink OTC Markets Inc)
Snapshot of WEST HIGH YIELD WHY RESOURCE (WHYRF)
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OPEN
$0.59
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PREVIOUS CLOSE
$0.59
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DAY HIGH
$0.59
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DAY LOW
$0.59
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52 WEEK HIGH
03/15/10 - $0.59
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52 WEEK LOW
09/30/09 - $0.40
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MARKET CAP
--
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AVERAGE VOLUME 10 D
167.5
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EPS TTM
--
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SHARES OUTSTANDING
0.0
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WHYRF Does Not Pay Dividends
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P/E TTM
--
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Key developments for WEST HIGH YIELD WHY RESOURCE (WHYRF)
West High Yield (W.H.Y.) Resources Ltd. announced that it has completed the drilling and testing of 26 NQ drill holes totaling 2,997 m (9,830 feet) in its 2009 gold drilling program on the Company's Midnight Crown granted claim on the western outskirts of Rossland, British Columbia. The Company has now received the analysis for all 26 holes of the 2009 gold drill program. All drill holes in the 2009 gold drilling program were vertical holes. The company previously reported the assay results for 15 holes (MN09-1 through 15) and now reports the results of the last 11 holes (MN09-16 through MN09-26). The company is noted that except for two holes (MN09-19 and MN09-26), all holes intersected a series of quartz veins and gold bearing serpentinites with significant gold values being noted in hole MN09-24, which returned a weighted average of 25.16 g/tonne over a true width of 3.6 m (11.8 feet) including 73.23 g/tonne Au for a true width of 1.2 m (3.9 feet). The company also requested Assayers Canada to conduct a screen metallic analysis of certain drill cores. Based on the 2009 drill core results achieved to date, the company continues to define the gold mineralization on a 10 m spaced drill hole grid on its Midnight property in order to allow the Company to proceed with a mineral resource estimate pursuant to National Instrument 43-101.
West High Yield (W.H.Y.) Resources Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported loss and comprehensive loss for the period of CAD 533,662 or CAD 0.01 per basic and diluted share on revenue from interest income of CAD 428 against loss and comprehensive loss for the period of CAD 848,025 or CAD 0.02 per basic and diluted share on revenue from interest income of CAD 13,016 for the same period of last year. Cash flow used in operating activities was CAD 427,221 against CAD 831,611 for the same period of last year. Purchase of property, plant and equipment was CAD 33,660 against CAD 25,326 for the same period of last year. For the nine months, the company reported loss and comprehensive loss for the period of CAD 1,034,729 or CAD 0.02 per basic and diluted share on revenue from interest income of CAD 1,256 against loss and comprehensive loss for the period of CAD 1,559,341 or CAD 0.04 per basic and diluted share on revenue from interest income of CAD 53,381 for the same period of last year. Cash flow used in operating activities was CAD 796,751 against CAD 1,359,868 for the same period of last year. Purchase of property, plant and equipment was CAD 34,516 against CAD 34,315 for the same period of last year.
On November 26, 2009, West High Yield (W.H.Y.) Resources Ltd.'s Board of Directors approved the terms of a $200,000 loan to the company from Big Mountain Development Corp. Ltd., a related party. The loan is secured by a promissory note and general security agreement, has a one year term and an 8% interest rate.
West High Yield (WHY) Resources Ltd financial resources
WHYRF Competitors
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| No competitor information is available for WHYRF. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | WHYRF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 16.0x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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WHYRF |
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WHYRF transactions
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| No transactions in the last 6 months. | ||