West High Yield (W.H.Y.) Resources (CVE:WHY) Shares Up 25% - Should You Buy?

Key Points

• West High Yield (W.H.Y.) Resources Ltd. shares surged by 25%, closing at C$0.68 after hitting a high of C$0.86 during trading.
• The company's trading volume increased to 669,052 shares, marking a 565% rise from its average session volume of 100,610 shares.
• West High Yield focuses on the exploration and development of mineral properties, particularly gold, nickel, silica, and magnesium in British Columbia, Canada.

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY - )'s share price shot up 25% during trading on Wednesday . The company traded as high as C$0.86 and last traded at C$0.68. 669,052 shares changed hands during trading, an increase of 565% from the average session volume of 100,610 shares. The stock had previously closed at C$0.54.

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

The firm has a market capitalization of C$71.71 million, a price-to-earnings ratio of -13.50 and a beta of 2.02. The company has a fifty day moving average price of C$0.43 and a two-hundred day moving average price of C$0.40. The company has a quick ratio of 0.26, a current ratio of 0.03 and a debt-to-equity ratio of -87.98.

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.

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