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

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) traded up 35.3% during trading on Saturday . The stock 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.

Key Headlines 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

Analyst Upgrades and Downgrades

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

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

The stock has a market capitalization of C$53.39 million, a price-to-earnings 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 stock 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.