West High Yield (W.H.Y.) Resources (CVE:WHY) Stock Price Up 9.3% - Should You Buy?

Key Points

• West High Yield (W.H.Y.) Resources Ltd. experienced a significant stock price increase of 9.3% during trading, reaching a high of C$0.86 before closing at C$0.59.
• The company has a market capitalization of C$55.24 million and a concerning debt-to-equity ratio of -87.98, indicating high levels of debt compared to equity.
• West High Yield primarily focuses on the acquisition and development of mineral properties in British Columbia, exploring for deposits of gold, nickel, silica, and magnesium.

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY - )'s stock price rose 9.3% during trading on Wednesday . The company traded as high as C$0.86 and last traded at C$0.59. Approximately 1,011,699 shares were traded during trading, an increase of 870% from the average daily volume of 104,270 shares. The stock had previously closed at C$0.54.

West High Yield (W.H.Y.) Resources Stock Down 3.7%

The business's fifty day moving average price is C$0.43 and its 200 day moving average price is C$0.40. The company has a market capitalization of C$55.24 million, a P/E ratio of -10.40 and a beta of 2.02. 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 (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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