West High Yield Resources Ltd (TSE:WHY)
:WHY
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West High Yield Resources
(WHY)
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Rating:48Neutral
Price Target:
C$0.46
▲(15.00% Upside)
Action:ReiteratedDate:01/21/26
The score is held down primarily by very weak financial performance (no revenue, ongoing losses and cash burn, and negative equity with rising debt). Technicals are comparatively supportive with price above major moving averages and positive momentum indicators, but valuation remains unattractive/unclear due to loss-driven negative P/E and no dividend support.
Positive Factors
Investor Confidence
The oversubscribed private placement indicates strong investor confidence, providing necessary capital to advance strategic objectives and enhance financial stability.
Negative Factors
Financial Instability
Negative equity and inadequate cash flows highlight severe financial instability, posing risks to long-term sustainability and necessitating strategic restructuring or capital infusion.
Read all positive and negative factors
Positive Factors
Negative Factors
Investor Confidence
The oversubscribed private placement indicates strong investor confidence, providing necessary capital to advance strategic objectives and enhance financial stability.
Read all positive factors
West High Yield Resources (WHY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$41.68M
Dividend YieldN/A
Average Volume (3M)141.95K
Price to Earnings (P/E)―
Beta (1Y)>-0.01
Revenue GrowthN/A
EPS Growth8.06%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding119,188,790
10 Day Avg. Volume185,973
30 Day Avg. Volume141,946
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)-3.91
Price to Sales (P/S)0.00
P/FCF Ratio-9.67
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...
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, a...
West High Yield Resources Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -9.91K | -12.01K | -18.75K | -22.74K | -11.47K | -30.43K |
| EBITDA | -2.16M | -2.77M | -2.86M | -4.02M | -2.17M | -998.14K |
| Net Income | -3.79M | -4.30M | -3.14M | -3.81M | -2.56M | -1.35M |
Balance Sheet | ||||||
| Total Assets | 2.12M | 1.94M | 1.85M | 2.85M | 4.40M | 1.64M |
| Cash, Cash Equivalents and Short-Term Investments | 424.51K | 245.39K | 168.54K | 1.05M | 133.47K | 18.02K |
| Total Debt | 6.81M | 5.83M | 2.52M | 3.75M | 5.34M | 4.37M |
| Total Liabilities | 8.89M | 8.18M | 6.04M | 5.86M | 7.96M | 6.72M |
| Stockholders Equity | -6.76M | -6.23M | -4.18M | -3.00M | -3.55M | -5.08M |
Cash Flow | ||||||
| Free Cash Flow | -2.95M | -2.52M | -2.35M | -1.81M | -3.97M | -192.11K |
| Operating Cash Flow | -2.95M | -2.52M | -2.35M | -1.77M | -3.93M | -192.11K |
| Investing Cash Flow | -2.00K | -2.50K | 0.00 | -45.47K | -37.99K | -13.50K |
| Financing Cash Flow | 3.20M | 2.60M | 1.48M | 2.72M | 4.09M | 214.77K |
West High Yield Resources Technical Analysis
Positive
0.40
Price Trends
0.38
Negative
0.39
Negative
0.41
Negative
Market Momentum
-0.01
Negative
49.48
Neutral
28.89
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 0.4 is above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.38, and below the 200-day MA of 0.41, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 49.48 is Neutral, neither overbought nor oversold. The STOCH value of 28.89 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
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$51.40M | -22.63 | -4.60% | ― | -15.63% | 2.65% | |
48 Neutral | C$41.68M | -12.73 | 59.40% | ― | ― | 8.06% | |
47 Neutral | C$42.19M | -23.40 | -14.62% | ― | ― | 93.24% | |
45 Neutral | C$69.45M | -16.79 | 40.99% | ― | ― | -82.14% | |
42 Neutral | C$30.51M | -7.83 | 510.34% | ― | ― | 42.57% |
* General Sector Average
TSE:WHY
West High Yield Resources
0.33
0.05
17.86%
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TSE:DLP
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-29.07%
West High Yield Resources Corporate Events
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...
Business Operations and StrategyPrivate Placements and Financing
West High Yield Resources Raises $500,000 in Completed Private Placement
Positive
Jan 7, 2026
West High Yield Resources has closed a single tranche of its conditionally approved non-brokered private placement, issuing 1,000,000 units at $0.50 per unit for gross proceeds of $500,000, with each unit comprising one common share and a warrant ...
Business Operations and Strategy
West High Yield Sets 2026 Construction Push After Key Permit for Record Ridge
Positive
Dec 22, 2025
West High Yield Resources has issued a year-end letter from President and CEO Frank Marasco Jr. highlighting 2025 as a turning point for the company following the award of its BC Mines Act permit for the Record Ridge magnesium project, which has m...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
West High Yield Advances Record Ridge Project with Reclamation Bond and Financing Initiatives
Positive
Dec 2, 2025
West High Yield Resources Ltd. has announced significant progress in its Record Ridge magnesium and critical minerals project, including the posting of an initial reclamation bond and advancement of key permit conditions. These developments reduce...
Private Placements and Financing
West High Yield Resources Secures CAD$360,000 Through Warrant Exercise
Positive
Nov 8, 2025
West High Yield Resources Ltd. announced the exercise of 1,200,000 share purchase warrants by five holders, resulting in the issuance of 1,200,000 common shares and generating CAD$360,000 in gross proceeds. This development signifies a positive fi...
Private Placements and Financing
West High Yield Resources Boosts Capital Through Warrant Exercise
Positive
Oct 31, 2025
West High Yield (W.H.Y.) Resources Ltd. announced the exercise of share purchase warrants by multiple holders, resulting in the issuance of 1,823,487 common shares and generating total gross proceeds of CAD$608,220.45. This financial maneuver unde...
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.