West High Yield (W.H.Y.) Resources (CVE:WHY) Stock Crosses Below 200-Day Moving Average – What’s Next?

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.42 and traded as low as C$0.40. West High Yield (W.H.Y.) Resources shares last traded at C$0.40, with a volume of 87,654 shares trading hands.

Analyst Ratings Changes

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

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

The business’s 50 day moving average is C$0.41 and its 200-day moving average is C$0.42. The firm has a market capitalization of C$45.84 million, a P/E ratio of -9.88 and a beta of 1.10. The company has a quick ratio of 0.26, a current ratio of 0.03 and a debt-to-equity ratio of -87.98.

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.