Westhaven Gold (CVE:WHN) Trading 51.5% Higher – Still a Buy?

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

Trending Headlines about Westhaven Gold

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 firm has a market cap of C$61.34 million, a price-to-earnings ratio of -25.00 and a beta of 1.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.07 and a quick ratio of 1.03. The firm has a fifty day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.17.

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.