Westhaven Gold Corp. (OTCMKTS:WTHVF) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 29,500 shares, an increase of 161.1% from the December 15th total of 11,300 shares. Based on an average daily volume of 37,200 shares, the days-to-cover ratio is currently 0.8 days.
Shares of WTHVF opened at $0.37 on Friday. The stock has a 50 day moving average of $0.35 and a 200-day moving average of $0.38. Westhaven Gold has a 52 week low of $0.27 and a 52 week high of $0.66.
Separately, Raymond James lowered their price objective on Westhaven Gold from C$1.10 to C$1.00 in a research note on Tuesday.
Westhaven Gold Corp. is a gold-focused exploration company. It engages in the acquisition, exploration, and development of resource properties. The firm’s projects include Prospect Valley Gold, Shovelnose Gold, Skoonka North and Skoonka Creek Gold. The company was founded by Gareth Oswald Thomas on April 17, 1998 and is headquartered in Vancouver, Canada.
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