Westhaven Ventures Inc (CVE:WHN)’s share price shot up 7.2% during trading on Tuesday . The company traded as high as C$1.05 and last traded at C$1.04, 154,855 shares traded hands during trading. An increase of 9% from the average session volume of 141,568 shares. The stock had previously closed at C$0.97.
The stock’s 50 day moving average price is C$0.84 and its 200 day moving average price is C$0.85. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.72. The company has a market capitalization of $85.36 million and a price-to-earnings ratio of -30.88.
In other news, Director David Grenville Thomas bought 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of C$0.85 per share, for a total transaction of C$42,300.00. Following the purchase, the director now owns 10,527,970 shares of the company’s stock, valued at approximately C$8,906,662.62.
Westhaven Ventures Inc engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold and silver deposits. Its principal properties include the Shovelnose gold property covering an area of 18,768 hectares located to the city of Merritt, British Columbia; the Prospect Valley gold property covering an area of 10,871 hectares located to the west of Merritt, British Columbia; and the Skoonka Creek property covering an area of 2,783 hectares situated in Lytton, British Columbia.
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