West High Yield (W.H.Y.) Resources (CVE:WHY) Trading Up 10.3% – Still a Buy?

Shares of West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) shot up 10.3% on Thursday . The company traded as high as C$0.36 and last traded at C$0.32. 317,103 shares were traded during mid-day trading, an increase of 320% from the average session volume of 75,545 shares. The stock had previously closed at C$0.29.

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

The stock has a fifty day moving average of C$0.32 and a 200-day moving average of C$0.37. The company has a quick ratio of 0.26, a current ratio of 0.12 and a debt-to-equity ratio of -127.47. The stock has a market capitalization of C$41.09 million, a PE ratio of -8.50 and a beta of 0.17.

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.