Westhaven Gold (CVE:WHN) Trading 44.2% Higher – What’s Next?
by Doug Wharley · The Cerbat GemShares of Westhaven Gold Corp. (CVE:WHN – Get Free Report) were up 44.2% during trading on Monday . The company traded as high as C$0.27 and last traded at C$0.24. Approximately 3,446,680 shares changed hands during trading, an increase of 1,265% from the average daily volume of 252,412 shares. The stock had previously closed at C$0.17.
Key Stores Impacting Westhaven Gold
Here are the key news stories impacting Westhaven Gold this week:
- Positive Sentiment: Retention of Peterson Capital for investor relations — Management retained Peterson Capital to boost investor outreach and visibility, which can lift trading liquidity and retail/institutional awareness if the campaign generates coverage and meetings. This type of engagement often supports short‑term demand and can help narrow the bid/ask spread. Westhaven Grants Stock Options and Retains Peterson Capital for Investor Relations Push
- Neutral Sentiment: “Stocks in play” coverage — The company was highlighted in a market roundup, which explains some of the volume and attention but is not fundamental news. Media/coverage-driven interest can cause short‑term volatility without changing underlying project economics. Stocks in play: Westhaven Gold Corp.
- Negative Sentiment: Grant of 400,000 incentive stock options to an officer — Option grants dilute shareholders when exercised and increase compensation expense; while 400k appears modest for a company of this size, investors may view it as short‑term dilution or raise questions about executive compensation. The market reaction will depend on vesting/exercise terms and whether the grants align management with shareholder value. Westhaven Grants Stock Options and Retains Peterson Capital for Investor Relations Push
Westhaven Gold Stock Performance
The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 0.07. The business’s 50-day moving average is C$0.18 and its 200-day moving average is C$0.17. The company has a market capitalization of C$68.70 million, a PE ratio of -28.00 and a beta of 1.28.
About Westhaven Gold
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.