West High Yield (W.H.Y.) Resources (CVE:WHY) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.42 and traded as low as C$0.41. West High Yield (W.H.Y.) Resources shares last traded at C$0.42, with a volume of 120,301 shares trading hands.

Analyst Ratings Changes

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

West High Yield (W.H.Y.) Resources Stock Down 3.5%

The stock has a market cap of C$48.16 million, a price-to-earnings ratio of -10.38 and a beta of 1.10. The business’s 50 day moving average is C$0.41 and its 200-day moving average is C$0.42. The company has a debt-to-equity ratio of -87.98, a quick ratio of 0.26 and a current ratio of 0.03.

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.