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

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

West High Yield (W.H.Y.) Resources News Summary

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Wall Street Analysts Forecast Growth

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 report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, 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 firm 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 has a quick ratio of 0.26, a current ratio of 0.03 and a debt-to-equity ratio of -87.98. The company has a 50 day moving average of C$0.39 and a 200 day moving average of C$0.41.

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.