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Westhaven Ventures
(WHN)
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Rating:45Neutral
Price Target:
C$0.30
▼(-22.56% Downside)
Action:Reiterated
Date:10/02/26
The score is driven primarily by weak financial performance—no revenue, persistent losses, and ongoing negative operating/free cash flow—partially offset by a low-leverage balance sheet. Technicals are generally weak with negative momentum, though near-oversold readings provide only limited support. Valuation is constrained by losses (negative P/E) and the absence of a dividend yield.
Positive Factors
Very low leverage
Extremely low leverage reduces financial risk and preserves flexibility to fund exploration or corporate needs without substantial debt-service pressure. This provides a durable balance-sheet cushion over the next several quarters, even though operating performance remains weak.
Negative Factors
No demonstrated revenue base
The absence of revenue means Westhaven has not yet demonstrated a commercial operating base capable of absorbing corporate and exploration costs. Until a revenue stream develops, financial performance remains highly dependent on funding and successful progression of its activities.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low leverage reduces financial risk and preserves flexibility to fund exploration or corporate needs without substantial debt-service pressure. This provides a durable balance-sheet cushion over the next several quarters, even though operating performance remains weak.
Read all positive factors
Westhaven Ventures (WHN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$81.16M
Dividend YieldN/A
Average Volume (3M)273.96K
Price to Earnings (P/E)―
Beta (1Y)2.04
Revenue GrowthN/A
EPS Growth-72.04%
CountryCA
Employees5
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.01
Shares Outstanding261,805,200
10 Day Avg. Volume333,769
30 Day Avg. Volume273,959
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. operates as a junior exploration firm, concentrating on identifying, acquiring, and developing mineral properties across Canada, with a principal focus on gold and silver deposits. The company holds full ownership of four sign...
Westhaven Ventures Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
72
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -53.60K | -55.65K | -48.16K | -27.86K | -11.71K | -11.02K |
| EBITDA | -3.27M | -2.18M | -1.05M | -2.43M | -1.86M | -2.38M |
| Net Income | -4.01M | -2.54M | -2.58M | -2.64M | -1.25M | -2.05M |
Balance Sheet | ||||||
| Total Assets | 53.27M | 48.36M | 40.14M | 32.95M | 34.59M | 30.56M |
| Cash, Cash Equivalents and Short-Term Investments | 3.88M | 1.50M | 2.70M | 1.22M | 7.81M | 3.82M |
| Total Debt | 244.71K | 235.36K | 98.90K | 262.34K | 298.75K | 54.51K |
| Total Liabilities | 8.69M | 6.19M | 3.00M | 1.36M | 1.31M | 845.73K |
| Stockholders Equity | 44.58M | 42.17M | 37.14M | 31.58M | 33.28M | 29.71M |
Cash Flow | ||||||
| Free Cash Flow | -6.18M | -8.31M | -7.00M | -6.56M | -10.58M | -10.02M |
| Operating Cash Flow | -1.49M | -2.27M | -1.64M | -1.70K | -2.02M | -1.57M |
| Investing Cash Flow | -4.35M | -6.04M | -5.35M | -900.55K | -3.31M | -8.44M |
| Financing Cash Flow | 6.27M | 7.11M | 8.47M | 9.76K | 5.32M | 13.69M |
Westhaven Ventures Technical Analysis
Negative
0.39
Price Trends
0.36
Negative
0.33
Negative
0.29
Positive
Market Momentum
-0.01
Positive
30.19
Neutral
14.12
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:WHN, the sentiment is Negative. The current price of 0.39 is above the 20-day moving average (MA) of 0.36, above the 50-day MA of 0.36, and above the 200-day MA of 0.29, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 30.19 is Neutral, neither overbought nor oversold. The STOCH value of 14.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:WHN.
Westhaven Ventures Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | C$92.76M | -28.95 | -341.66% | ― | ― | -39.13% | |
45 Neutral | C$81.16M | -19.25 | -9.17% | ― | ― | -72.04% | |
43 Neutral | C$34.31M | -2.93 | -30.37% | ― | ― | 57.73% | |
43 Neutral | C$58.13M | -6.30 | -35.00% | ― | ― | 1.72% | |
42 Neutral | C$171.07M | -5.18 | -116.78% | ― | ― | -50.16% | |
41 Neutral | C$79.34M | -13.57 | 131.26% | ― | ― | -98.46% |
* General Sector Average
TSE:WHN
Westhaven Ventures
0.31
0.10
47.62%
TSE:ANK
Angkor Resources
0.44
0.16
57.14%
TSE:AGC
Valorem Resources
0.48
-0.24
-33.33%
TSE:ROS
RosCan Gold
0.18
0.02
12.90%
TSE:GPAC
Great Pacific Gold
0.17
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-71.67%
TSE:LVX
Leviathan Gold
0.47
0.07
17.50%
Westhaven Ventures Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Westhaven Reports High-Grade South Zone Results as Shovelnose Drilling Nears Completion
Positive
Sep 22, 2026
Westhaven Gold Corp. is a Canadian mineral exploration company focused on developing gold and silver deposits at its Shovelnose property in southern British Columbia, part of the Spences Bridge Gold Belt. The company’s work is being substant...
Business Operations and Strategy
Westhaven Drill Results Extend High-Grade Mineralization at Shovelnose South Zone
Positive
Aug 20, 2026
Westhaven Gold has reported new assay results from its ongoing 35,000m resource infill drilling program at the South Zone deposit on the Shovelnose property, highlighting thick, high-grade gold and silver intersections. Key holes include SNR26-117...
Business Operations and StrategyExecutive/Board Changes
Westhaven Grants Stock Options as It Advances Shovelnose Gold Project
Positive
Aug 7, 2026
Westhaven Gold Corp., a Vancouver-based explorer focused on high-grade epithermal gold and silver deposits in British Columbia’s Spences Bridge Gold Belt, is advancing its flagship Shovelnose project, which has been validated by a favourable...
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.