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

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY)’s stock price rose 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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Analysts Set New Price Targets

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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$1.56.

West High Yield (W.H.Y.) Resources Stock Up 35.3%

The company’s fifty day simple moving average is C$0.39 and its 200 day simple moving average is 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. The firm 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.