West High Yield (W.H.Y.) Resources (CVE:WHY) Shares Up 7.4% - Here's What Happened

Key Points

• West High Yield (W.H.Y.) Resources Ltd. shares increased by 7.4% during trading on Wednesday, reaching highs of C$0.86 before settling at C$0.58.
• The stock's trading volume surged to 877,323 shares, marking a 746% increase compared to its average session volume of 103,738 shares.
• The company specializes in the acquisition and exploration of mineral properties in British Columbia, focusing on deposits of gold, nickel, silica, and magnesium.

Shares of West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY - ) shot up 7.4% during mid-day trading on Wednesday . The company traded as high as C$0.86 and last traded at C$0.58. 877,323 shares were traded during trading, an increase of 746% from the average session volume of 103,738 shares. The stock had previously closed at C$0.54.

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

The company has a current ratio of 0.03, a quick ratio of 0.26 and a debt-to-equity ratio of -87.98. The business's 50 day moving average is C$0.43 and its two-hundred day moving average is C$0.40. The company has a market cap of C$56.31 million, a PE ratio of -10.60 and a beta of 2.02.

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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