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

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) shot up 35.3% during trading on Saturday . The company traded as high as C$0.46 and last traded at C$0.46. 273,638 shares were traded during trading, an increase of 142% from the average session 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 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$1.56.

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

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

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.