West High Yield (W.H.Y.) Resources (CVE:WHY) Stock Price Up 37.5% – Should You Buy?

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

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

The company has a quick ratio of 0.26, a current ratio of 0.03 and a debt-to-equity ratio of -87.98. The firm has a market capitalization of C$39.99 million, a PE ratio of -10.17 and a beta of 1.74. The firm’s fifty day simple moving average is C$0.30 and its 200-day simple moving average is C$0.27.

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.