West High Yield (W.H.Y.) Resources (CVE:WHY) Stock Price Up 35.3% – Should You Buy?

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

Key West High Yield (W.H.Y.) Resources News

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Analyst Ratings Changes

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 note on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$1.56.

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

The company has a debt-to-equity ratio of -87.98, a current ratio of 0.03 and a quick ratio of 0.26. The business’s 50 day moving average price is C$0.39 and its 200 day moving average price is C$0.41. The stock has a market capitalization of C$53.39 million, a P/E ratio of -11.50 and a beta of 1.08.

West High Yield (W.H.Y.) Resources Company Profile

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.