Westhaven Gold (CVE:WHN) Shares Up 51.5% – Here’s Why

Westhaven Gold Corp. (CVE:WHN) traded up 51.5% during mid-day trading on Monday . The company traded as high as C$0.27 and last traded at C$0.25. 5,120,824 shares traded 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.

Westhaven Gold News Summary

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

• Positive Sentiment: Dundee earn‑in secures up to C$85M to advance Spences Bridge — The deal brings a major funding partner and likely funds near‑term drill programs, resource definition and development work, materially reducing Westhaven’s near‑term capital burden and execution risk. Westhaven Secures Up to C$85 Million Dundee Earn-In to Advance Spences Bridge Gold Projects
• Neutral Sentiment: Earn‑in structure likely staged and performance‑based — Dundee’s funding will be tied to staged expenditures/commitments (earn‑in milestones), which can accelerate programs but also shift execution control as milestones are met; timing and exact dilution/ownership outcomes depend on the deal’s specific phases and percentages. Westhaven Secures Up to C$85 Million Dundee Earn-In to Advance Spences Bridge Gold Projects
• Negative Sentiment: Potential shareholder dilution and reduced standalone upside — Large outside funding via earn‑in can dilute existing shareholders if equity or option exercises are part of the consideration, and Westhaven may cede project control as Dundee earns in; investors should watch transaction mechanics and any near‑term financings. Westhaven Secures Up to C$85 Million Dundee Earn-In to Advance Spences Bridge Gold Projects

Westhaven Gold Price Performance

The firm has a 50-day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.17. The company has a market capitalization of C$61.34 million, a price-to-earnings ratio of -25.00 and a beta of 1.28. 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.