Canadian Phoenix: 2011 Fourth Quarter Results

Canadian Phoenix Resources (TSXV:CXP) reported its 2011 fourth quarter results.

As quoted in the press release:

2011 FOURTH QUARTER AND ANNUAL HIGHLIGHTS

• The Corporation held $79.4 million in cash and cash equivalents and maintained a working capital surplus of $79.2 million as at December 31, 2011.

• The Corporation’s cash and cash equivalents per common share and net asset value per common share were $1.37 as at December 31, 2011.

Click here to read the Canadian Phoenix Resources (TSXV:CXP) press release.