Westhaven Gold (CVE:WHN) Stock Price Up 51.5% – Time to Buy?

Westhaven Gold Corp. (CVE:WHN) was up 51.5% during trading on Tuesday . The company traded as high as C$0.27 and last traded at C$0.25. Approximately 5,120,824 shares changed hands during trading, an increase of 1,872% from the average daily volume of 259,677 shares. The stock had previously closed at C$0.17.

Key Westhaven Gold News

Here are the key news stories impacting Westhaven Gold this week:

• Positive Sentiment: Westhaven signed a definitive earn?in with Dundee Corporation that can bring up to C$85 million to advance its Spences Bridge gold projects — the deal funds exploration and staged investment that could materially de?risk the assets and accelerate drill programs and resource growth. Westhaven Secures Up to C$85 Million Dundee Earn-In to Advance Spences Bridge Gold Projects
• Neutral Sentiment: Westhaven was featured in a “Stocks in play” roundup, bringing increased visibility and short?term trading interest which can amplify volume and volatility but does not change fundamentals. Stocks in play: Westhaven Gold Corp.
• Negative Sentiment: Financial metrics remain a concern: a very low reported current ratio (~0.07) signals limited near?term liquidity and the company is unprofitable (negative P/E), which raises dilution risk if additional capital is required beyond the earn?in structure. Investors should monitor financing terms, milestone dilution and operating cash burn.

Westhaven Gold Stock Performance

The company has a market capitalization of C$61.34 million, a P/E ratio of -25.00 and a beta of 1.28. The company’s fifty day moving average is C$0.18 and its 200 day moving average is C$0.17. The company has a current ratio of 0.07, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46.

Westhaven Gold Company Profile

Westhaven Gold Corp., a junior exploration company, engages in the acquisition, exploration, and development of resource properties in Canada. The company primarily explores for gold and silver deposits. The company was formerly known as Westhaven Ventures Inc and changed its name to Westhaven Gold Corp. in June 2020. Westhaven Gold Corp. was incorporated in 1998 and is headquartered in Vancouver, Canada.