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

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) shares traded up 35.3% on Saturday . The company traded as high as C$0.46 and last traded at C$0.46. 273,638 shares changed 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.

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Analyst Ratings Changes

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

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

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

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.