Yalian Steel (V.YL) hit a new 52-week high of $2.37; Yalian announced its financial and operating results for the three- and six-month periods ended March 31, 2009. For the three months ended March 31, Yalian reported operation expenses of $416,716 and income of $734,430 (all amounts in Canadian dollars).
Income was comprised of $714,543 in proceeds from a grant from the Chinese local municipal government to encourage foreign investment in the city of Yangzhou, Jiangsu Province, China where Yalian's new facility is located, and $19,887 in interest income. Net income for the three-month period was $122,649, or $0.00 per share. For the six-month period ended March 31, 2009, Yalian reported operation expenses totaling $645,610, income of $824,045 and a net loss of $16,313 or $0.00 per share.
Underworld Resources (V.UW) hit a new 52-week high of $1.70; Underworld announced assay results from the first three holes from 2009 drilling program from the Golden Saddle Zone at the White Gold Property. Significant thicknesses of gold mineralization within an interpreted shallow dipping zone were encountered in all holes.
Results are as follows: WD09-28: 1.84 g/t gold over 102.5 metres from 105 to 207.5 metres. WD09-29: 3.89 g/t gold over 60.5 meters from 145.5 to 206.0 metres. WD09-31: 3.39 g/t Au over 104.0 meters from 100.0 to 204.0 meters
Paladin Labs Inc. (T.PCB) hit a new 52-week high of $17.75; no major news announcements today
Cott Corp. (T.BCB) hit a new 52-week high of $6.36; no major news announcements today
Bowmore Exploration (V.BOW) hit a new 52-week high of 49 cents; no major news announcements today
Bonterra Resources (V.BTR) hit a new 52-week high of 47 cents; no major news announcements today
Oro Gold Resources (V.OGR) hit a new 52-week high of 83 cents; no major news announcements today
Lakeside Steel (V.LS) hit a new 52-week high of 28 cents; no major news announcements today
