West High Yield (W.H.Y.) Resources (CVE:WHY) Trading 35.3% Higher – Still a Buy?

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY)’s stock price traded up 35.3% on Friday . The stock 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.

Wall Street Analyst Weigh In

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

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

The stock has a market cap of C$53.39 million, a price-to-earnings ratio of -11.50 and a beta of 1.08. The firm’s 50-day moving average is C$0.39 and its two-hundred day moving average is C$0.41. The company has a current ratio of 0.03, a quick ratio of 0.26 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.