West High Yield (W.H.Y.) Resources (CVE:WHY) Stock Price Up 35.3% – Should You Buy?

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY)’s stock price traded 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 changed hands during mid-day trading, an increase of 142% from the average session volume of 112,900 shares. The stock had previously closed at C$0.34.

Key Headlines Impacting West High Yield (W.H.Y.) Resources

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Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.56 price objective 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, According to data from MarketBeat, West High Yield (W.H.Y.) Resources has an average rating of “Buy” and an average price target of C$1.56.

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

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 firm’s fifty day moving average price is C$0.39 and its 200-day moving average price is C$0.41. The firm has a market cap of C$53.39 million, a price-to-earnings ratio of -11.50 and a beta of 1.08.

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.