West High Yield (W.H.Y.) Resources (CVE:WHY) Trading 35.3% Higher – What’s Next?

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

Analyst Ratings Changes

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

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

The firm’s 50-day moving average price is C$0.39 and its 200-day moving average price 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 company has a market cap of C$53.39 million, a price-to-earnings 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.