West High Yield (W.H.Y.) Resources (CVE:WHY) Trading 35.3% Higher – Here’s What Happened

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

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Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.56 price target 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$1.56.

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

The stock has a market cap of C$53.39 million, a price-to-earnings ratio of -11.50 and a beta of 1.08. The company has a 50 day simple moving average of C$0.39 and a 200-day simple moving average of C$0.41. The company has a current ratio of 0.03, a quick ratio of 0.26 and a debt-to-equity ratio of -87.98.

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.