West High Yield (W.H.Y.) Resources (CVE:WHY) Shares Up 30.9% – Should You Buy?

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) shot up 30.9% during trading on Friday . The stock traded as high as C$0.45 and last traded at C$0.45. 201,638 shares changed hands during mid-day trading, an increase of 94% from the average session volume of 104,127 shares. The stock had previously closed at C$0.34.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$1.56 price target on West High Yield (W.H.Y.) Resources and gave the company 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, West High Yield (W.H.Y.) Resources presently has an average rating of “Buy” and a consensus target price of C$1.56.

West High Yield (W.H.Y.) Resources Trading Up 35.3%

The business’s 50 day simple moving average is C$0.39 and its 200-day simple moving average is C$0.41. 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 stock has a market capitalization of C$53.39 million, a P/E 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.