West High Yield (W.H.Y.) Resources (CVE:WHY) Shares Up 35.3% – Should You Buy?

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY)’s share price traded up 35.3% during mid-day trading on Saturday . The stock traded as high as C$0.46 and last traded at C$0.46. 273,638 shares were traded 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 Roundup

Here are the key news stories impacting West High Yield (W.H.Y.) Resources this week:

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Analyst Ratings Changes

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

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

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

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.