West High Yield (W.H.Y.) Resources (CVE:WHY) Trading 30.9% Higher – What’s Next?

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) shot up 30.9% on Friday . The stock traded as high as C$0.45 and last traded at C$0.45. 201,638 shares were traded during trading, an increase of 94% from the average session volume of 104,127 shares. The stock had previously closed at C$0.34.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$1.56 target price on West High Yield (W.H.Y.) Resources and gave the stock a “buy” rating in a report on Tuesday, December 2nd. One investment 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 target price of C$1.56.

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

The stock has a market cap of C$53.39 million, a price-to-earnings ratio of -11.50 and a beta of 1.08. The company has a debt-to-equity ratio of -87.98, a quick ratio of 0.26 and a current ratio of 0.03. The firm’s 50-day simple moving average is C$0.39 and its two-hundred day simple moving average is C$0.41.

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.