West High Yield (W.H.Y.) Resources (CVE:WHY) Trading 10.3% Higher – Here’s What Happened

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY)’s share price traded up 10.3% on Thursday . The stock traded as high as C$0.36 and last traded at C$0.32. 317,103 shares traded hands during mid-day trading, an increase of 320% from the average session volume of 75,545 shares. The stock had previously closed at C$0.29.

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

The company has a debt-to-equity ratio of -127.47, a current ratio of 0.12 and a quick ratio of 0.26. The company has a market cap of C$41.09 million, a price-to-earnings ratio of -8.50 and a beta of 0.17. The firm has a 50 day simple moving average of C$0.32 and a 200-day simple moving average of C$0.37.

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.