West High Yield (W.H.Y.) Resources (CVE:WHY) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.42 and traded as low as C$0.37. West High Yield (W.H.Y.) Resources shares last traded at C$0.39, with a volume of 71,035 shares.

Analysts Set New Price Targets

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

West High Yield (W.H.Y.) Resources Trading Up 2.7%

The company has a market capitalization of C$44.68 million, a P/E ratio of -9.63 and a beta of 1.10. The business has a 50 day moving average price of C$0.42 and a 200 day moving average price of C$0.42. The company has a current ratio of 0.06, a quick ratio of 0.26 and a debt-to-equity ratio of -100.75.

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.