Mining Stocks: Westhaven Ventures and GGX Gold Corp

mining stocks

The US stock market is closed today, in remembrance of Dr. Martin Luther King Jr. Canadian markets have seen a flood of money come in today and there’s been quite a shift on the TSXV. Usually, cannabis stocks lead the most traded stocks on the market, but today, mining has taken over. While most mining stocks are seeing losses, there is one in particular that is plummeting.

Today, we’ll take a closer look at two mining stocks that are trending high on the most volume traded on the TSXV today. Why are they trending? Let’s find out.

Westhaven Ventures Inc. (TSXV:WHN)

Westhaven Ventures is a junior mining exploration company, headquartered in Vancouver, British Columbia. The mining company explores for gold and silver deposits in its properties located in BC. Today, Westhaven is seeing massive losses in its share prices after it reported drill results.

A few hours ago, the mining stock released this press release regarding the drilling at its Shovelnose gold property. Since its release, the company’s shares have been tanking on the TSXV. It remains unknown at this time why this is, considering the positive drill results.

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Gareth Thomas, President and CEO of Westhaven, said:

“The latest phase of exploration drilling is highly encouraging. Assay results demonstrate that the newly discovered second vein zone contains high-grade gold. This second vein zone is significant because it substantially increases the tonnage potential for the South Zone. Westhaven is planning to initiate a fully-financed drill program in February.”

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According to Yahoo Finance, the mining stock is trading at $0.89 a share, down -$0.32 (-26.67%).

GGX Gold Corp (TSXV:GGX)

GGX Gold Corp is another mining stock that is trending on the TSXV today. GGX is currently leading all mining stocks for most trade volume. At the time of writing, GGX stock has seen more than $6.3 million CAD traded today on the market. 

The company last released its positive drill results just before the weekend ended. GGX released drill results for its 2018 diamond drill program on Friday. It remains unknown at this time why Westhaven stock is falling and GGX stock is rising, when both have given positive results.

According to Yahoo Finance, GGX is trading at $0.105 a share, up +$0.005 (+5.00%). 

Featured Image: Depositphotos © daseaford