West High Yield (W.H.Y.) Resources (CVE:WHY) Trading Up 35.3% – Time to Buy?

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY)’s stock price shot up 35.3% during mid-day trading on Friday . The stock traded as high as C$0.46 and last traded at C$0.46. 273,638 shares were traded during mid-day trading, an increase of 142% from the average session volume of 112,900 shares. The stock had previously closed at C$0.34.

Analyst Upgrades and Downgrades

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 note on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$1.56.

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

The firm has a 50-day moving average of C$0.39 and a 200-day moving average of C$0.41. The stock has a market cap of C$53.39 million, a PE ratio of -11.50 and a beta of 1.08. The company has a debt-to-equity ratio of -87.98, a current ratio of 0.03 and a quick ratio of 0.26.

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.