West High Yield (W.H.Y.) Resources (CVE:WHY) Shares Up 35.3% – Still a Buy?

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY)’s share price was up 35.3% during trading on Saturday . The stock traded as high as C$0.46 and last traded at C$0.46. Approximately 273,638 shares were traded during mid-day trading, an increase of 142% from the average daily volume of 112,900 shares. The stock had previously closed at C$0.34.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.56 price objective on shares of West High Yield (W.H.Y.) Resources and gave the company a “buy” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$1.56.

West High Yield (W.H.Y.) Resources Price Performance

The stock has a 50 day moving average of C$0.39 and a two-hundred day moving average of C$0.41. The company has a debt-to-equity ratio of -87.98, a quick ratio of 0.26 and a current ratio of 0.03. The stock has a market cap of C$53.39 million, a PE ratio of -11.50 and a beta of 1.08.

About West High Yield (W.H.Y.) Resources

West High Yield (W.H.Y.) Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in British Columbia, Canada. The company explores for gold, nickel, silica, and magnesium deposits. Its flagship property is its 100% owned Record Ridge property comprising 29 contiguous mineral claims, eight crown-granted claims, and one privately owned claim covering an area of 8,972 hectares located near southwest of the city of Rossland, British Columbia. The company was incorporated in 2003 and is headquartered in Calgary, Canada.