Newstrike Resources Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2018
Newstrike Resources Ltd. reported earnings results for the first quarter ended March 31, 2018. For the period, the company reported revenue of $10,473,407. The company recorded net income of $3,093,313, as a result of the receipt of the Termination Fee and a favorable revaluation of biological assets of $896,920 to generate non-operating revenue of $10,473,407and net income per share (fully diluted) of $0.01.