Westhaven Ventures Inc (TSE:WHN)
:WHN
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Westhaven Ventures
(WHN)
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Rating:51Neutral
Price Target:
C$0.28
▲(38.00% Upside)
Action:Reiterated
Date:05/11/26
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and continued cash burn) and a loss-based valuation profile (negative P/E, no dividend). This is partially offset by a solid low-debt balance sheet and constructive technical momentum with price above major moving averages.
Positive Factors
Low Leverage / Strong Balance Sheet
Extremely low debt affords durable financial flexibility for an exploration-stage gold company: lower interest burden, higher ability to fund drilling or development via equity or project financing, and greater resilience through commodity cycles without solvency pressure.
Negative Factors
No Revenue / Persistent Net Losses
Absent any revenue, the company lacks an operating earnings base; ongoing net losses mean value rests entirely on exploration success or asset revaluation. This elevates execution and financing risk and makes long-term viability contingent on future discoveries or asset monetization.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
Extremely low debt affords durable financial flexibility for an exploration-stage gold company: lower interest burden, higher ability to fund drilling or development via equity or project financing, and greater resilience through commodity cycles without solvency pressure.
Read all positive factors
Westhaven Ventures (WHN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$77.72M
Dividend YieldN/A
Average Volume (3M)173.14K
Price to Earnings (P/E)―
Beta (1Y)2.33
Revenue GrowthN/A
EPS Growth35.15%
CountryCA
Employees5
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding259,058,720
10 Day Avg. Volume162,523
30 Day Avg. Volume173,137
Financial Highlights & Ratios
PEG Ratio0.71
Price to Book (P/B)1.42
Price to Sales (P/S)0.00
P/FCF Ratio-7.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Westhaven Ventures Business Overview & Revenue Model
Company Description
Westhaven Gold Corp., a junior exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold and silver deposits. It owns 100% interests in four properties, w...
Westhaven Ventures Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -55.65K | -48.16K | -27.86K | -11.71K | -11.02K |
| EBITDA | -2.18M | -1.05M | -2.43M | -1.86M | -2.38M |
| Net Income | -2.54M | -2.58M | -2.64M | -1.25M | -2.05M |
Balance Sheet | |||||
| Total Assets | 48.36M | 40.14M | 32.95M | 34.59M | 30.56M |
| Cash, Cash Equivalents and Short-Term Investments | 1.50M | 2.70M | 1.22M | 7.81M | 3.82M |
| Total Debt | 235.36K | 98.90K | 262.34K | 298.75K | 54.51K |
| Total Liabilities | 6.19M | 3.00M | 1.36M | 1.31M | 845.73K |
| Stockholders Equity | 42.17M | 37.14M | 31.58M | 33.28M | 29.71M |
Cash Flow | |||||
| Free Cash Flow | -8.31M | -7.00M | -6.56M | -10.58M | -10.02M |
| Operating Cash Flow | -2.27M | -1.64M | -1.70K | -2.02M | -1.57M |
| Investing Cash Flow | -6.04M | -5.35M | -900.55K | -3.31M | -8.44M |
| Financing Cash Flow | 7.11M | 8.47M | 9.76K | 5.32M | 13.69M |
Westhaven Ventures Technical Analysis
Neutral
0.20
Price Trends
0.27
Positive
0.26
Positive
0.22
Positive
Market Momentum
<0.01
Negative
49.36
Neutral
59.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WHN, the sentiment is Neutral. The current price of 0.2 is below the 20-day moving average (MA) of 0.28, below the 50-day MA of 0.27, and below the 200-day MA of 0.22, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 49.36 is Neutral, neither overbought nor oversold. The STOCH value of 59.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:WHN.
Westhaven Ventures Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$77.72M | -23.56 | -6.20% | ― | ― | 35.15% | |
51 Neutral | C$74.16M | -13.21 | -22.48% | ― | ― | 44.20% | |
49 Neutral | C$78.93M | -19.24 | 97.87% | ― | ― | 5.48% | |
45 Neutral | C$66.99M | -105.58 | -649.02% | ― | ― | -191.53% | |
43 Neutral | C$62.77M | -5.68 | -50.93% | ― | ― | 84.73% |
* Basic Materials Sector Average
TSE:WHN
Westhaven Ventures
0.28
0.16
129.17%
TSE:ANK
Angkor Resources
0.34
0.14
70.00%
TSE:AGC
Valorem Resources
0.63
0.60
2000.00%
TSE:ROS
RosCan Gold
0.18
0.12
200.00%
TSE:GPAC
Great Pacific Gold
0.40
-0.02
-5.88%
TSE:LVX
Leviathan Gold
0.72
0.47
188.00%
Westhaven Ventures Corporate Events
Business Operations and StrategyDelistings and Listing Changes
Westhaven Gold Hires U.S. IR Firm as Dundee-Backed Drilling Ramps Up at Shovelnose
Positive
Mar 25, 2026
Westhaven Gold Corp., a Vancouver-based explorer and developer, is focused on low-sulphidation, high-grade epithermal gold and silver mineralization in British Columbia’s Spences Bridge Gold Belt. Its portfolio spans about 60,263 hectares ac...
Business Operations and StrategyExecutive/Board Changes
Westhaven Bolsters Permitting and Community Team as Shovelnose Drilling Ramps Up
Positive
Mar 2, 2026
Westhaven Gold Corp. has strengthened its senior leadership team with the appointments of Allison Rippin Armstrong as Vice President, Indigenous and Community Relations, and Pamela O’Hara as Vice President, Permitting and Government Affairs....
Business Operations and StrategyExecutive/Board Changes
Westhaven Bolsters Leadership and Expands Drilling at Shovelnose Gold Project
Positive
Mar 2, 2026
Westhaven Gold Corp., a Vancouver-based explorer and developer targeting high-grade epithermal gold and silver in British Columbia’s Spences Bridge Gold Belt, controls four properties totaling about 60,263 hectares, led by its advanced Shove...
Business Operations and StrategyPrivate Placements and Financing
Westhaven and Dundee Close C$85 Million Earn-In Deal on B.C. Gold Projects
Positive
Feb 23, 2026
Westhaven Gold and Dundee Corporation have closed a strategic earn-in agreement that gives Dundee the right to acquire up to a 60% interest in four Westhaven projects in British Columbia’s Spences Bridge Gold Belt, in exchange for up to C$85...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.