West High Yield (W.H.Y.) Resources (CVE:WHY) Trading 35.3% Higher – Still a Buy?

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY)’s share price shot 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 Summary

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
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Analysts Set New Price Targets

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

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

The company has a debt-to-equity ratio of -87.98, a current ratio of 0.03 and a quick ratio of 0.26. The company has a 50 day simple moving average of C$0.39 and a 200-day simple moving average of C$0.41. The firm has a market cap of C$53.39 million, a PE ratio of -11.50 and a beta of 1.08.

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.