West High Yield (W.H.Y.) Resources (CVE:WHY) Trading 37.5% Higher – Still a Buy?

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) was up 37.5% on Friday . The stock traded as high as C$0.44 and last traded at C$0.44. Approximately 146,901 shares changed hands during trading, an increase of 56% from the average daily volume of 94,260 shares. The stock had previously closed at C$0.32.

West High Yield (W.H.Y.) Resources Stock Down 10.2%

The firm has a market cap of C$39.99 million, a PE ratio of -10.17 and a beta of 1.74. 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 company has a 50-day simple moving average of C$0.30 and a 200-day simple moving average of C$0.27.

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.