COM DEV International Ltd. announced first-quarter financial results for the three-month period ended January 31, 2012. Net income attributable to shareholders was $3.6 million, or $0.05 per share, an increase of $3.5 million compared to $77,000 or $0.00 per share in the first quarter of 2011.
Sterling Resources Ltd. said net loss for the year ended December 31, 2011 was $53.8 million ($0.27 per common share - basic and diluted) compared to a net loss of $22.1 million ($0.15 per share basic and diluted) for the year ended December 31, 2010.
Pure Industrial Real Estate Trust announced the successful closing of a fully leased single tenant, income-producing industrial property for a total purchase price of $10.555 million.
Dynex Power Inc. , which is trading near year lows, announced its financial results for the year ended December 31st, 2011. The company generated a net profit of $2.7 million, which is twice that reported in the previous year. Without two one-off items, net profit would have been approximately $2 million, 49 per cent higher than last year.
Contact Exploration Inc. , which is trading near year lows, announced that the Contact operated horizontal Montney well has been successfully drilled to a total measured depth of 5,071m, including a horizontal leg that remained within the target interval for the entire 1,430m. The 13-17 Well was drilled within the expected timelines and on budget.
CanAlaska Uranium Ltd. , which rose more than 8 per cent yesterday, said winter drilling at the West McArthur and Cree East Uranium projects hit graphitic target zones and strong alteration Systems.
Excellon Resources Inc. , which rose 2 cents in moving away from a year low of 47 cents yesterday, announced exploration results from La Platosa in Mexico.
Intellipharmaceutics International Inc. , which closed 5 per cent higher yesterday, announced late Thursday its financial results for the first quarter ended February 29, 2012. The company recorded a loss of $1.9 million, or $0.12 per common share, compared with a loss of $2.7 million, or $0.22 per common share, last year. Net cash flows used in operating activities, however, increased to $2.2 million, as compared to net cash flows used in operating activities last year.
Theratechnologies Inc. today announced its financial results for the first quarter ended February 29, 2012. The company said revenues were $3.1 million, down slightly from the previous year's $3.5 million. Finance income was $277,000 compared to $372,000 in the same period in 2011. $28.9 million in liquidities is available at quarter-end.
Torex Gold Resources Inc. today announced its financial results for the first quarter ended January 31, 2012. The company said net loss increased to $13.4 million from the previous year's $7.4 million. Cash position increased by $55.6 million compared with a decrease of $8.8 million for the same period in 2011.