West High Yield (W.H.Y.) Resources (CVE:WHY) Stock Price Down 5.7% – Should You Sell?

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) shares fell 5.7% during mid-day trading on Friday. The stock traded as low as C$0.25 and last traded at C$0.25. Approximately 175,305 shares traded hands during trading, an increase of 142% from the average daily volume of 72,363 shares. The stock had previously closed at C$0.27.

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

The company’s 50-day moving average price is C$0.28 and its 200-day moving average price is C$0.32. The company has a quick ratio of 0.26, a current ratio of 0.13 and a debt-to-equity ratio of -132.92. The firm has a market cap of C$31.32 million, a price-to-earnings ratio of -6.25 and a beta of -0.39.

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.