West High Yield (W.H.Y.) Resources (CVE:WHY) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.40 and traded as high as C$0.49. West High Yield (W.H.Y.) Resources shares last traded at C$0.46, with a volume of 14,032 shares changing hands.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.56 target price 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$1.56.

West High Yield (W.H.Y.) Resources Stock Down 4.2%

The company’s 50-day moving average price is C$0.40 and its 200 day moving average price is C$0.42. The company has a debt-to-equity ratio of -87.98, a quick ratio of 0.26 and a current ratio of 0.03. The stock has a market cap of C$53.39 million, a PE ratio of -11.50 and a beta of 1.08.

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. The company was incorporated in 2003 and is headquartered in Calgary, Canada.