Wedgemount Resources Corp. (C:WDGY)
Business Focus: Mining Support Services
| Sector: Basic Materials | Industry: Mining Support Services & Equipment |
| Company Contact | |
| Address: | 40440 Thunderbird Ridge B1831 GARIBALDI HIGHLANDS BC V0N 1T0 |
| Tel: | N/A |
| Website: | https://wedgemountresources.com |
| IR: | See website |
| Key People | ||
| Mark Vanry President, Chief Executive Officer, Director | Lesia Burianyk Chief Financial Officer | Leah Hodges Corporate Secretary |
| Business Overview |
| Wedgemount Resources Corp. is a Canada-based junior oil and gas company. The Company is focused on the acquisition, development and exploitation of natural resource projects in the southern United States. In the Permian Basin, the Company is focused on consolidating oil and gas assets through the acquisition, development, and operation of distressed oil properties. Its Permian Basin assets include Willowbend and Millican. The Company's Millican asset is located in Runnels County, Texas, approximately five kilometers (km) from Willowbend. The project consists of seven producing wells from the Gardner formation. Its Willowbend asset is located in Runnels County, Texas, approximately 55 km south of the city of Abilene. The property has over 11 producing wells from the Gardner formation and one injection well. |
| Financial Overview |
| For the six months ended 31 January 2024, Wedgemount Resources Corp revenues increased from C$0K to C$309K. Net loss decreased 14% to C$569K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Write-off of exploration and evaluation decrease from C$222K (expense) to C$0K, Flow through share recovery increase from C$0K to C$118K (income). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $7.66M as of Jan 31, 2024 |
| Annual revenue (TTM): | $0.54M as of Jan 31, 2024 |
| EBITDA (TTM): | -$0.87M as of Jan 31, 2024 |
| Net annual income (TTM): | -$1.27M as of Jan 31, 2024 |
| Free cash flow (TTM): | -$3.90M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | $1.21M as of Jan 31, 2024 |
| Shares outstanding: | 52,287,935 as of Feb 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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