West High Yield (W.H.Y.) Resources (CVE:WHY) Trading 35.3% Higher – Here’s Why

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

West High Yield (W.H.Y.) Resources News Roundup

Here are the key news stories impacting West High Yield (W.H.Y.) Resources this week:

• Positive Sentiment: Short summary of positive news. Article Title
• Neutral Sentiment: Short summary of neutral/uncertain news. Article Title 2
• Negative Sentiment: Short summary of negative news. Article Title 3

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 research report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$1.56.

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

The firm has a fifty day moving average of C$0.39 and a 200 day moving average of 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. The company has a market capitalization of C$53.39 million, a P/E ratio of -11.50 and a beta of 1.08.

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.