West High Yield (W.H.Y.) Resources (CVE:WHY) Stock Passes Below 200 Day Moving Average – Here’s Why

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHYGet Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.42 and traded as low as C$0.40. West High Yield (W.H.Y.) Resources shares last traded at C$0.41, with a volume of 32,704 shares changing hands.

Wall Street Analyst Weigh In

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 MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$1.56.

Check Out Our Latest Research Report on WHY

West High Yield (W.H.Y.) Resources Trading Down 2.4%

The company’s 50 day moving average price is C$0.42 and its two-hundred day moving average price is C$0.42. 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 stock has a market capitalization of C$47.00 million, a PE ratio of -10.13 and a beta of 1.10.

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

Receive News & Ratings for West High Yield (W.H.Y.) Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West High Yield (W.H.Y.) Resources and related companies with MarketBeat.com's FREE daily email newsletter.