West High Yield (W.H.Y.) Resources (CVE:WHY) Trading Up 35.3% – What’s Next?

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

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

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

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.56 price objective on West High Yield (W.H.Y.) Resources and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, West High Yield (W.H.Y.) Resources has an average rating of “Buy” and an average price target of C$1.56.

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

The company has a 50 day simple moving average of C$0.39 and a 200-day simple moving average of C$0.41. 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 current ratio of 0.03, a quick ratio of 0.26 and a debt-to-equity ratio of -87.98.

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.