West High Yield (W.H.Y.) Resources (CVE:WHY) Stock Price Up 35.3% – Here’s Why

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY)’s stock price rose 35.3% during trading on Friday . The company traded as high as C$0.46 and last traded at C$0.46. Approximately 273,638 shares traded hands 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.

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 company a “buy” rating in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price 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 current ratio of 0.03 and a quick ratio of 0.26. The company has a fifty day moving average price of C$0.39 and a 200 day moving average price of C$0.41. The stock has a market cap of C$53.39 million, a P/E ratio of -11.50 and a beta of 1.08.

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.