West High Yield (W.H.Y.) Resources (CVE:WHY) Trading Up 8.7% – Here’s Why

Shares of West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) shot up 8.7% during trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.25. 127,602 shares changed hands during trading, an increase of 57% from the average session volume of 81,124 shares. The stock had previously closed at C$0.23.

West High Yield (W.H.Y.) Resources Stock Up 8.7 %

The business’s 50-day simple moving average is C$0.22 and its two-hundred day simple moving average is C$0.27. The firm has a market cap of C$23.46 million, a price-to-earnings ratio of -6.38 and a beta of 1.74.

West High Yield (W.H.Y.) Resources (CVE:WHY) last released its quarterly earnings results on Friday, August 23rd. The company reported C($0.01) earnings per share for the quarter.

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.