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

by · The Markets Daily

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY – Get Free Report) shares rose 35.3% during trading on Friday . The company 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.

Trending Headlines about West High Yield (W.H.Y.) Resources

Here are the key news stories impacting West High Yield (W.H.Y.) Resources this week:

Analyst Ratings Changes

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

Check Out Our Latest Analysis on WHY

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

The company’s 50-day moving average price is C$0.39 and its two-hundred day moving average price is C$0.41. 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 company has a market capitalization of C$53.39 million, a P/E ratio of -11.50 and a beta of 1.08.

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

(Get Free Report)

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.

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