West High Yield (W.H.Y.) Resources (CVE:WHY) Stock Price Down 11.8% – Here’s What Happened

Shares of West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) were down 11.8% during trading on Friday . The company traded as low as C$0.30 and last traded at C$0.30. Approximately 654,576 shares changed hands during mid-day trading, an increase of 699% from the average daily volume of 81,918 shares. The stock had previously closed at C$0.34.

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

The company has a debt-to-equity ratio of -127.47, a quick ratio of 0.26 and a current ratio of 0.12. The stock has a market cap of C$36.25 million, a price-to-earnings ratio of -7.50 and a beta of 0.17. The business’s fifty day simple moving average is C$0.32 and its 200 day simple moving average is C$0.37.

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.