West High Yield Resources Ltd (TSE:WHY)
:WHY
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West High Yield Resources
(WHY)
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Rating:40Underperform
Price Target:
C$0.32
▼(-19.25% Downside)
Action:DowngradedDate:04/21/26
The score is driven primarily by very weak financial performance (no revenue, persistent losses, negative equity, and ongoing cash burn with rising leverage). Technical indicators add a bearish tilt (negative MACD and price below major moving averages), while valuation is constrained by loss-making results and the absence of dividend support.
Positive Factors
Improving cash outflow trend
A multi-year improvement in cash outflows (2021–2023) demonstrates some operational cost control or temporary runway extension. That trend shows management can tighten spending, a durable capability that can help stabilize operations between financings if repeated.
Negative Factors
No revenue base
Zero reported revenue over multiple years means no operating scale or sales visibility. Without a revenue base, the firm lacks sustainable cash generation, making operating viability dependent on external financing and hindering any durable path to profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash outflow trend
A multi-year improvement in cash outflows (2021–2023) demonstrates some operational cost control or temporary runway extension. That trend shows management can tighten spending, a durable capability that can help stabilize operations between financings if repeated.
Read all positive factors
West High Yield Resources (WHY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$39.33M
Dividend YieldN/A
Average Volume (3M)141.95K
Price to Earnings (P/E)―
Beta (1Y)-0.09
Revenue GrowthN/A
EPS Growth9.47%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.05
Shares Outstanding119,188,790
10 Day Avg. Volume185,973
30 Day Avg. Volume141,946
Financial Highlights & Ratios
PEG Ratio1.23
Price to Book (P/B)-7.59
Price to Sales (P/S)0.00
P/FCF Ratio-17.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 Rid...
West High Yield Resources Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
10
Very Negative
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -9.96K | -12.01K | -18.75K | -22.74K | -11.47K |
| EBITDA | -2.41M | -2.77M | -2.86M | -4.02M | -2.17M |
| Net Income | -4.53M | -4.30M | -3.14M | -3.81M | -2.56M |
Balance Sheet | |||||
| Total Assets | 3.33M | 1.94M | 1.85M | 2.85M | 4.40M |
| Cash, Cash Equivalents and Short-Term Investments | 431.41K | 245.39K | 168.54K | 1.05M | 133.47K |
| Total Debt | 6.72M | 5.83M | 2.52M | 3.75M | 5.34M |
| Total Liabilities | 9.44M | 8.18M | 6.04M | 5.86M | 7.96M |
| Stockholders Equity | -6.09M | -6.23M | -4.18M | -3.00M | -3.55M |
Cash Flow | |||||
| Free Cash Flow | -2.70M | -2.52M | -2.35M | -1.81M | -3.97M |
| Operating Cash Flow | -2.70M | -2.52M | -2.35M | -1.77M | -3.93M |
| Investing Cash Flow | -1.02M | -2.50K | 0.00 | -45.47K | -37.99K |
| Financing Cash Flow | 3.90M | 2.60M | 1.48M | 2.72M | 4.09M |
West High Yield Resources Technical Analysis
Negative
0.40
Price Trends
0.37
Negative
0.39
Negative
0.41
Negative
Market Momentum
-0.01
Positive
43.55
Neutral
1.39
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WHY, the sentiment is Negative. The current price of 0.4 is above the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.37, and below the 200-day MA of 0.41, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 43.55 is Neutral, neither overbought nor oversold. The STOCH value of 1.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WHY.
West High Yield Resources Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$49.71M | -22.63 | -4.60% | ― | 120.17% | 25.87% | |
47 Neutral | C$39.86M | -23.40 | -14.62% | ― | ― | 9.37% | |
46 Neutral | C$88.74M | -16.79 | 40.99% | ― | ― | -16.90% | |
41 Neutral | C$19.74M | -3.55 | 510.34% | ― | ― | -13.57% | |
40 Underperform | C$39.33M | -6.05 | 59.40% | ― | ― | 9.47% |
* General Sector Average
TSE:WHY
West High Yield Resources
0.33
0.03
10.00%
TSE:BHS
Bayhorse Silver
0.05
0.01
25.00%
TSE:FT
Fortune Minerals
0.16
0.09
138.46%
TSE:MD
Midland Exploration
0.44
0.12
37.50%
TSE:JUGR
Juggernaut Exploration
1.28
0.45
54.22%
TSE:DLP
DLP Resources
0.28
-0.12
-30.00%
West High Yield Resources Corporate Events
Business Operations and StrategyPrivate Placements and Financing
West High Yield Raises $90,000 Through Stock Option Exercises
Positive
Apr 15, 2026
West High Yield (W.H.Y.) Resources Ltd., a junior Canadian mining exploration and development company, is advancing its Record Ridge critical mineral deposit near Rossland, British Columbia, which hosts a substantial measured and indicated magnesi...
Business Operations and Strategy
West High Yield seals long-term magnesium ore supply deal with Galaxy
Positive
Mar 12, 2026
West High Yield Resources has signed a definitive forward sales agreement with U.S.-based Galaxy Trade and Technology for long-term purchases of magnesium-rich serpentine ore from its Record Ridge project in British Columbia. The deal secures a co...
Business Operations and StrategyPrivate Placements and Financing
West High Yield Raises Capital Through Warrant Exercises to Advance Record Ridge
Positive
Mar 11, 2026
West High Yield Resources has strengthened its balance sheet through the recent exercise of 785,750 share purchase warrants by four holders, resulting in the issuance of an equal number of common shares. The warrants were exercised at CAD$0.35 eac...
Business Operations and StrategyRegulatory Filings and Compliance
West High Yield Advances Record Ridge With Draft Highway Access Permit
Positive
Mar 9, 2026
West High Yield Resources has received a draft highway access permit from the British Columbia Ministry of Transportation and Transit for its Record Ridge Industrial Mineral Mine project near Rossland, B.C. The draft permit sets the framework for ...
Business Operations and StrategyPrivate Placements and Financing
West High Yield Advances Record Ridge Pilot Processing, Permits and Funding
Positive
Jan 26, 2026
West High Yield Resources has initiated a pilot test of its proprietary metallurgical processing technology for the Record Ridge magnesium/silica project, contracting Process Research Ortech to run the program, which is expected to generate key da...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.