West High Yield (W.H.Y.) Resources (CVE:WHY) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.40 and traded as high as C$0.46. West High Yield (W.H.Y.) Resources shares last traded at C$0.42, with a volume of 93,750 shares traded.

Analyst Ratings Changes

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

West High Yield (W.H.Y.) Resources Trading Down 2.3%

The firm has a market capitalization of C$48.75 million, a price-to-earnings ratio of -10.50 and a beta of 1.35. 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 company has a 50-day moving average price of C$0.40 and a 200-day moving average price of C$0.42.

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.