West High Yield (W.H.Y.) Resources (CVE:WHY) Trading Down 18.5% – Time to Sell?

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

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

The company’s 50 day simple moving average is C$0.44 and its 200 day simple moving average is C$0.33. The stock has a market cap of C$33.41 million, a PE ratio of -8.50 and a beta of 1.74. The company has a debt-to-equity ratio of -87.98, a quick ratio of 0.26 and a current ratio of 0.03.

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.