West High Yield (W.H.Y.) Resources (CVE:WHY) Stock Price Down 18.5% – Should You Sell?

Shares of West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) dropped 18.5% during mid-day trading on Tuesday . The stock traded as low as C$0.32 and last traded at C$0.33. Approximately 297,005 shares changed hands during trading, an increase of 212% from the average daily volume of 95,149 shares. The stock had previously closed at C$0.41.

West High Yield (W.H.Y.) Resources Stock Down 18.5%

The stock has a market capitalization of C$33.41 million, a P/E ratio of -8.50 and a beta of 1.74. 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 is C$0.44 and its 200-day moving average is C$0.33.

West High Yield (W.H.Y.) Resources Company Profile

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.