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

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

Analyst Ratings Changes

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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, West High Yield (W.H.Y.) Resources currently has an average rating of “Buy” and an average price target 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.