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West High Yield Resources shares surged 35% on a buy rating and higher target price, boosting its stock above key moving averages.
West High Yield Resources (CVE:WHY) shares jumped 35.3% to C$0.46 on Friday, driven by a surge in trading volume to 273,638 shares, up 142% from average levels.
The rise followed a "buy" rating and C$1.56 target price from one analyst, contributing to a consensus "buy" rating and average target of C$1.56.
The Calgary-based company, which explores for gold, nickel, silica, and magnesium in British Columbia, owns the 8,972-hectare Record Ridge property.
The stock, with a market cap of C$53.39 million, now trades above its 50-day and 200-day moving averages.
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Las acciones de West High Yield Resources subieron un 35% con una calificación de compra y un precio objetivo más alto, impulsando sus acciones por encima de los principales promedios móviles.