West High Yield (W.H.Y.) Resources (CVE:WHY) PT Set at C$1.56 by Fundamental Research

West High Yield (W.H.Y.) Resources (CVE:WHY) has been assigned a C$1.56 target price by analysts at Fundamental Research in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Fundamental Research’s target price points to a potential upside of 290.00% from the stock’s previous close.

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

WHY stock opened at C$0.40 on Tuesday. The stock’s 50 day simple moving average is C$0.43 and its 200 day simple moving average is C$0.42. The company has a current ratio of 0.03, a quick ratio of 0.26 and a debt-to-equity ratio of -87.98. West High Yield has a 12-month low of C$0.22 and a 12-month high of C$0.86. The stock has a market capitalization of C$46.42 million, a PE ratio of -8.00 and a beta of 2.28.

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.