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

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHYGet Free Report) shares were up 35.3% during trading on Saturday . 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.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on WHY

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

The stock has a market capitalization of C$53.39 million, a PE ratio of -11.50 and a beta of 1.08. The business’s 50 day moving average is C$0.39 and its 200 day moving average is C$0.41. The company has a current ratio of 0.03, a quick ratio of 0.26 and a debt-to-equity ratio of -87.98.

About West High Yield (W.H.Y.) Resources

(Get Free Report)

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.

Further Reading

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