West High Yield (W.H.Y.) Resources (CVE:WHY) Shares Up 35.3% – Should You Buy?

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

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

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 target on West High Yield (W.H.Y.) Resources and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$1.56.

West High Yield (W.H.Y.) Resources Trading Up 35.3%

The company’s fifty day simple moving average is C$0.39 and its 200-day simple moving average is C$0.41. The firm has a market capitalization 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.

West High Yield (W.H.Y.) Resources Company Profile

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.