Westhaven Gold (CVE:WHN) Shares Up 2% – Here’s What Happened

Westhaven Gold Corp. (CVE:WHN)’s share price shot up 2% during mid-day trading on Tuesday. The company traded as high as C$0.26 and last traded at C$0.26. Approximately 66,000 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 355,345 shares. The stock had previously closed at C$0.25.

Westhaven Gold Stock Performance

The company has a market cap of C$70.13 million, a PE ratio of -12.75 and a beta of 2.33. The firm’s fifty day moving average is C$0.33 and its 200 day moving average is C$0.30. The company has a current ratio of 1.45, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

Insider Activity

In related news, insider Kenneth Andrew Armstrong bought 100,000 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was acquired at an average price of C$0.29 per share, with a total value of C$29,000.00. Following the completion of the purchase, the insider directly owned 200,200 shares of the company’s stock, valued at approximately C$58,058. This trade represents a 99.80% increase in their ownership of the stock. 21.62% of the stock is currently owned by company insiders.

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.