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

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

Key Stories Impacting 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

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.56 price objective on shares of West High Yield (W.H.Y.) Resources and gave the stock a “buy” rating in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus 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 quick ratio of 0.26 and a current ratio of 0.03. The company has a market capitalization of C$53.39 million, a PE ratio of -11.50 and a beta of 1.08. The company has a 50 day moving average price of C$0.39 and a 200 day moving average price 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.