West High Yield Resources (WHY) AI Stock Analysis

• Market Cap: C$42.36M
• Dividend Yield: N/A
• Average Volume (3M): 90.06K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.51
• Revenue Growth: N/A
• EPS Growth: -24.04%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 44
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 105,908,920
• 10 Day Avg. Volume: 138,679
• 30 Day Avg. Volume: 90,059
• PEG Ratio: 0.62
• Price to Book (P/B): -4.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -13.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 39 Underperform
• Price Target: ―

West High Yield Resources' overall stock score is low due to critical financial challenges, including negative equity and inadequate cash flows. While technical indicators show upward momentum, potential overbought conditions warrant caution. The successful private placement is a positive step, enhancing financial stability, but significant risks remain due to ongoing financial instability and lack of earnings.

West High Yield Resources Business Overview & Revenue Model

Company Description

West High Yield (W.H.Y.) Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold, nickel, iron, silica, and magnesium deposits. It holds 100% interest in the Record Ridge property comprising 29 contiguous mineral claims, eight crown granted claims, and one privately owned claim covering an area of 8,972 hectares located in British Columbia. West High Yield (W.H.Y.) Resources Ltd. was incorporated in 2003 and is headquartered in Calgary, Canada.

How the Company Makes Money

West High Yield Resources generates revenue through the exploration and potential future extraction and sale of mineral resources, primarily magnesium, from its Record Ridge project. The company is still in the exploration and development phase, and its revenue model is primarily centered around raising capital through equity financing to fund its exploration activities. The company's future profitability depends on successfully developing its mineral properties into economically viable mining operations. Significant factors contributing to its earnings potential include strategic partnerships, securing necessary permits, and fluctuations in commodity prices that impact the valuation of its mineral resources.

West High Yield Resources Financial Statement Overview

Summary

West High Yield Resources is in a challenging financial position, with no revenue generation, negative earnings, and high leverage. The company faces significant financial risks and sustainability issues, requiring strategic changes to improve its financial health.

Income Statement

The company has consistently reported zero revenue, indicating a lack of operational activity or product sales. The negative net income and EBIT margins highlight ongoing losses, with no improvement over time. These factors severely impact the financial health of the income statement.

Balance Sheet

The company has negative stockholders' equity, indicating financial distress and potential insolvency. The high debt-to-equity ratio suggests excessive leverage, further increasing financial risk. This weakens the company's balance sheet position significantly.

Cash Flow

Operating cash flows are negative, reflecting poor cash generation from operations. Free cash flow is also negative, indicating challenges in maintaining cash reserves. While financing cash flows remain positive, this may indicate reliance on external funding to sustain operations.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-12.69K	-18.75K	-22.74K	-11.47K	-30.43K	-41.37K
	EBIT
-1.99M	-2.85M	-4.05M	-2.18M	-1.03M	-1.39M
	EBITDA
-2.65M	-2.86M	-4.02M	-2.17M	-998.14K	-1.34M
	Net Income Common Stockholders
-3.64M	-3.14M	-3.81M	-2.56M	-1.35M	-1.68M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
242.49K	168.54K	1.05M	133.47K	18.02K	8.86K
	Total Assets
1.92M	1.85M	2.85M	4.40M	1.64M	1.62M
	Total Debt
3.36M	2.52M	3.75M	5.34M	4.37M	4.01M
	Net Debt
3.11M	2.35M	2.71M	5.21M	4.35M	4.00M
	Total Liabilities
6.88M	6.04M	5.86M	7.96M	6.72M	5.87M
	Stockholders Equity
-4.95M	-4.18M	-3.00M	-3.55M	-5.08M	-4.25M
Cash Flow		Free Cash Flow
-2.06M	-2.35M	-1.81M	-3.97M	-192.11K	-860.61K
	Operating Cash Flow
-2.06M	-2.35M	-1.77M	-3.93M	-192.11K	-860.61K
	Investing Cash Flow
-2.50K	0.00	-45.47K	-37.99K	-13.50K	0.00
	Financing Cash Flow
2.12M	1.48M	2.72M	4.09M	214.77K	833.46K

West High Yield Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.44
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WHY, the sentiment is Positive. The current price of 0.44 is above the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.31, and above the 200-day MA of 0.26, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 60.64 is Neutral, neither overbought nor oversold. The STOCH value of 80.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WHY.

West High Yield Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	57 Neutral	$7.09B	2.98	-3.47%	5.75%	0.53%	-50.75%
GSP	49 Neutral	C$31.55M	―	-24.09%	―	―	56.08%
PGZ	48 Neutral	C$41.04M	―	-69.28%	―	―	49.63%
SURG	41 Neutral	C$32.01M	―	-3.82%	―	―	57.39%
WHY	39 Underperform	C$42.36M	―		―	―	-24.04%
FT	36 Underperform	C$32.15M	―	-20.64%	―	―	-20.34%
ARSMF		$29.95M	―	-21.60%	―	―	―

West High Yield Resources Corporate Events

West High Yield Resources Completes Oversubscribed Private Placement

West High Yield Resources Ltd. announced the final closing of its oversubscribed private placement, raising a total of $1,073,937.33 through the issuance of 4,669,290 units. The proceeds from this offering will be used to conclude the company’s permitting process, support essential operations, and cover general working capital expenses. This successful fundraising effort reflects strong investor confidence and positions the company to advance its strategic objectives, particularly in developing its Record Ridge project in British Columbia.

West High Yield Resources Completes Oversubscribed Private Placement

West High Yield Resources Ltd. has announced the final closing of its oversubscribed private placement, raising a total of $1,073,937.33 through the issuance of 4,669,290 units. The funds will be used to support the company’s permitting process, essential operations, and general working capital. The completion of this financing round highlights the company’s strategic focus on advancing its mineral projects and maintaining its operational momentum.

West High Yield Resources Closes First Tranche of Private Placement

West High Yield Resources Ltd. has announced the closing of the first tranche of its private placement offering, raising $674,220.33 through the issuance of 2,931,391 units. The funds will support the company’s permitting process, essential operations, and general working capital, potentially enhancing its operational capabilities and market position.

West High Yield Announces Private Placement and Magnesium Battery Breakthrough

West High Yield (W.H.Y.) Resources Ltd. announced a private placement offering to raise up to CAD$900,000 through the sale of units consisting of common shares and warrants. This initiative aims to support the company’s permitting process, essential operations, and working capital. Additionally, the company reported amendments to loan agreements with Big Mountain Development Corp Ltd. and highlighted a significant breakthrough in magnesium battery technology, potentially enhancing its market position and offering new opportunities for stakeholders.