West High Yield (W.H.Y.) Resources (CVE:WHY) Shares Up 37.5% – Here’s What Happened

Shares of West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) shot up 37.5% on Friday . The company traded as high as C$0.44 and last traded at C$0.44. 146,901 shares were traded during mid-day trading, an increase of 56% from the average session volume of 94,260 shares. The stock had previously closed at C$0.32.

West High Yield (W.H.Y.) Resources Stock Down 10.2%

The business has a fifty day moving average price of C$0.30 and a two-hundred day moving average price of C$0.27. The company has a debt-to-equity ratio of -87.98, a current ratio of 0.03 and a quick ratio of 0.26. The firm has a market capitalization of C$39.99 million, a price-to-earnings ratio of -10.17 and a beta of 1.74.

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.