Westaim (OTCMKTS:WEDXF) Shares Gap Up – Here’s Why

Westaim Corp. (OTCMKTS:WEDXF) shares gapped up prior to trading on Wednesday . The stock had previously closed at $17.49, but opened at $18.5150. Westaim shares last traded at $18.5150, with a volume of 434 shares trading hands.

Westaim Stock Up 1.8%

The firm has a market cap of $623.54 million, a PE ratio of -11.05 and a beta of 0.19. The stock has a 50 day moving average price of $17.74 and a two-hundred day moving average price of $19.67.

Westaim (OTCMKTS:WEDXF) last released its earnings results on Thursday, November 13th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.19). The company had revenue of $14.00 million during the quarter, compared to analyst estimates of $1.62 million. Westaim had a negative return on equity of 6.91% and a negative net margin of 123.33%.

Westaim Company Profile

Westaim Corp. (OTCMKTS: WEDXF) is a Toronto-based investment firm focused on creating value through specialized credit, real estate and private equity strategies. The company operates as a capital allocator, partnering with experienced managers to deploy capital across a range of alternative asset classes. Westaim’s platform is designed to generate attractive risk-adjusted returns while maintaining a flexible mandate that can adapt to changing market conditions.

Through its private equity activities, Westaim invests alongside established sponsors in opportunities spanning leveraged buyouts, growth equity and carve-out transactions.