West High Yield (W.H.Y.) Resources (CVE:WHY) Trading Down 11.8% – What’s Next?

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY) fell 11.8% on Friday . The stock traded as low as C$0.30 and last traded at C$0.30. 654,576 shares were traded during trading, an increase of 699% from the average session volume of 81,918 shares. The stock had previously closed at C$0.34.

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

The stock has a fifty day moving average of C$0.32 and a two-hundred day moving average of C$0.37. The stock has a market cap of C$36.25 million, a price-to-earnings ratio of -7.50 and a beta of 0.17. The company has a quick ratio of 0.26, a current ratio of 0.12 and a debt-to-equity ratio of -127.47.

About West High Yield (W.H.Y.) Resources

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.