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 share price shot up 35.3% on Friday . The company traded as high as C$0.46 and last traded at C$0.46. 273,638 shares changed hands during trading, an increase of 142% from the average session volume of 112,900 shares. The stock had previously closed at C$0.34.

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

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

• Positive Sentiment: Short summary of positive news. Article Title
• Neutral Sentiment: Short summary of neutral/uncertain news. Article Title 2
• Negative Sentiment: Short summary of negative news. Article Title 3

Analyst Upgrades and Downgrades

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

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

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