West High Yield (W.H.Y.) Resources (CVE:WHY) Trading Down 18.5% – Here’s What Happened

West High Yield (W.H.Y.) Resources Ltd. (CVE:WHY)’s share price dropped 18.5% on Tuesday . The stock traded as low as C$0.32 and last traded at C$0.33. Approximately 297,005 shares were traded during trading, an increase of 212% from the average daily volume of 95,149 shares. The stock had previously closed at C$0.41.

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

The company has a 50-day simple moving average of C$0.44 and a two-hundred day simple moving average of C$0.33. 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 firm has a market capitalization of C$33.41 million, a P/E ratio of -8.50 and a beta of 1.74.

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.