West High Yield (W.H.Y.) Resources (CVE:WHY) Stock Price Up 35.3% – Here’s What Happened

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY)’s stock price was up 35.3% during trading on Saturday . The stock traded as high as C$0.46 and last traded at C$0.46. Approximately 273,638 shares were traded during trading, an increase of 142% from the average daily volume of 112,900 shares. The stock had previously closed at C$0.34.

Trending Headlines about West High Yield (W.H.Y.) Resources

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

• Positive Sentiment: Produce a short investor-focused summary explaining why the stock is moving
• Neutral Sentiment: Flag which items are likely to be positive, neutral, or negative for the share price
• Negative Sentiment: Include links to source articles you provide and prioritize the most recent/price-relevant items

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.56 target price 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 analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$1.56.

West High Yield (W.H.Y.) Resources Trading Up 35.3%

The stock has a market cap of C$53.39 million, a PE ratio of -11.50 and a beta of 1.08. 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 has a fifty day simple moving average of C$0.39 and a two-hundred day simple moving average of C$0.41.

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.