Westhaven Ventures (WHN) AI Stock Analysis

• Market Cap: C$40.41M
• Dividend Yield: N/A
• Average Volume (3M): 165.20K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.70
• Revenue Growth: N/A
• EPS Growth: 11.76%
• Country: CA
• Employees: 5
• Sector: Technology
• Sector Strength: 89
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 224,508,640
• 10 Day Avg. Volume: 199,571
• 30 Day Avg. Volume: 165,197
• PEG Ratio: -0.58
• Price to Book (P/B): 0.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.22
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 43 Neutral
• Price Target: ―

Westhaven Ventures faces significant financial obstacles with no revenue and increasing losses affecting its financial health. While technical indicators show a neutral outlook, the company's unattractive valuation further impacts its score. The promising preliminary economic assessment of the Shovelnose Project offers some positive potential but carries uncertainty. Overall, the stock's performance is hindered by financial and valuation challenges.

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, which include the Shovelnose, Prospect Valley, Skoonka Creek, and Skoonka North gold projects that covers an area of approximately 37,000 hectares located in British Columbia. 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.

How the Company Makes Money

Westhaven Ventures generates revenue through a combination of equity investments, venture capital funding, and strategic partnerships. The company invests in promising startups and earns returns through equity appreciation and dividends as these startups grow and succeed. Additionally, WHN forms partnerships with established companies to co-develop innovative solutions, sharing in the profits generated from these collaborations. The firm also manages investment funds where they earn management fees and performance-based incentives from investors. Significant revenue is derived from exits, such as mergers, acquisitions, or public offerings of their portfolio companies, which provide substantial returns on their initial investments.

Westhaven Ventures Financial Statement Overview

Summary

Westhaven Ventures is experiencing severe financial difficulties, with no revenue and increasing losses. The balance sheet is slightly better with low debt levels, but persistent negative cash flows due to high capital expenditures threaten financial stability.

Income Statement

Westhaven Ventures has consistently reported zero revenue from 2019 to TTM 2024, resulting in negative gross profits and net incomes each year. The lack of revenue generation and increasing net losses highlight significant challenges in achieving profitability.

Balance Sheet

The company maintains a relatively low debt-to-equity ratio due to low total debt levels. However, the consistent negative net incomes have impacted equity growth. The equity ratio remains strong, indicating reliance on equity financing rather than debt.

Cash Flow

Westhaven Ventures exhibits negative free cash flow across all periods, largely due to substantial capital expenditures. This indicates significant cash outflows without corresponding inflows, raising concerns about cash sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-52.75K	-48.16K	-27.86K	-11.71K	-11.02K	-7.45K
EBITDA	-325.41K	-1.05M	-2.44M	-1.86M	-2.38M	-1.29M
Net Income	-1.85M	-2.58M	-2.64M	-1.25M	-2.05M	-949.64K
Balance Sheet
Total Assets	39.84M	40.14M	32.95M	34.59M	30.56M	18.72M
Cash, Cash Equivalents and Short-Term Investments	909.63K	2.70M	1.22M	7.81M	3.82M	131.50K
Total Debt	70.98K	98.90K	262.34K	298.75K	54.51K	149.69K
Total Liabilities	2.74M	3.00M	1.36M	1.31M	845.73K	2.00M
Stockholders Equity	37.09M	37.14M	31.58M	33.28M	29.71M	16.72M
Cash Flow
Free Cash Flow	-7.75M	-7.00M	-6.56M	-10.58M	-10.02M	-9.16M
Operating Cash Flow	-1.58M	-1.64M	―	-2.02M	-1.57M	-1.36M
Investing Cash Flow	-6.16M	-5.35M	-900.55K	-3.31M	-8.44M	-7.82M
Financing Cash Flow	6.77M	8.47M	9.76K	5.32M	13.69M	4.99M

Westhaven Ventures Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WHN, the sentiment is Positive. The current price of 0.18 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.14, and above the 200-day MA of 0.13, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 66.98 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:WHN.

Westhaven Ventures Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	56 Neutral	HK$14.03B	5.19	-5.75%	5.41%	9.34%	-42.23%
YGT	46 Neutral	C$24.82M	―	-2.79%	―	―	42.53%
WHN	43 Neutral	C$40.41M	―	-5.30%	―	―	11.76%
AAUAF		$23.08M	―	-86.55%	―	―	―
GPG	43 Neutral	C$28.84M	―	-5.65%	―	―	6.12%
GLDC	43 Neutral	C$31.54M	―	-34.11%	―	―	-307.23%
ALTA	42 Neutral	C$29.13M	―	-6.72%	―	―	-38.89%

Westhaven Ventures Corporate Events

Westhaven Gold Launches C$4 Million Private Placement

Westhaven Gold Corp. has announced a brokered private placement to raise up to C$4 million through the sale of various securities, including units and flow-through shares. The funds will be used for working capital and exploration expenses in British Columbia, with the offering expected to close by mid-May 2025, subject to regulatory approvals.

Spark’s Take on TSE:WHN Stock

According to Spark, TipRanks’ AI Analyst, TSE:WHN is a Neutral.

Westhaven Ventures faces significant financial and valuation challenges, primarily due to zero revenue and negative earnings. While technical indicators are neutral, recent corporate events suggest potential future opportunities. However, these are speculative and preliminary, leading to a low overall stock score.

To see Spark’s full report on TSE:WHN stock, click here.

Westhaven Gold Advances Shovelnose Project with Updated Economic Assessment

Westhaven Gold Corp. has filed an independent technical report supporting the Updated Preliminary Economic Assessment (PEA) for its Shovelnose Gold Project in British Columbia. The report highlights the project’s potential as a robust, low-cost, high-margin mining opportunity with significant economic metrics, including a Cdn$454 million after-tax NPV and a 43.2% IRR. However, the PEA remains preliminary, with no certainty of realization, and the project still requires necessary consents and permits for production.

Spark’s Take on TSE:WHN Stock

According to Spark, TipRanks’ AI Analyst, TSE:WHN is a Neutral.

Westhaven Ventures faces significant financial challenges with no revenue generation and increasing losses. While the balance sheet shows low leverage, the company struggles with negative cash flow, raising concerns about financial sustainability. Technical indicators suggest a cautious outlook with bearish trends, and valuation metrics are unattractive due to negative earnings. These factors result in a low overall stock score.

To see Spark’s full report on TSE:WHN stock, click here.

Westhaven Gold Corp. Announces Leadership Transition with Ken Armstrong as New CEO

Westhaven Gold Corp. has announced a leadership change with Ken Armstrong appointed as the new President and CEO, succeeding Gareth Thomas. This transition is part of a strategic renewal to advance the Shovelnose project towards feasibility and continue exploration efforts across the Spences Bridge portfolio, with Armstrong bringing over thirty years of industry experience to the role.

Westhaven Gold’s Shovelnose Project Doubles NPV to $454 Million

Westhaven Gold Corp. has announced an updated Preliminary Economic Assessment (PEA) for its Shovelnose Gold Project in British Columbia, revealing a significant increase in the project’s economic potential. The assessment highlights an after-tax net present value (NPV) of $454 million and an internal rate of return (IRR) of 43.2%, with a payback period of 2.1 years. The project is expected to produce an average of 56,000 ounces of gold annually over an 11.1-year mine life, with initial capital costs estimated at $184 million. This development positions Westhaven as a competitive player in the gold mining sector, potentially enhancing its market standing and offering promising returns for stakeholders.