Westaim (OTCMKTS:WEDXF) Shares Gap Up – What’s Next?

Westaim Corp. (OTCMKTS:WEDXFGet Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $16.03, but opened at $17.00. Westaim shares last traded at $17.00, with a volume of 100 shares traded.

Westaim Price Performance

The company has a market cap of $570.38 million, a price-to-earnings ratio of -12.14 and a beta of 0.20. The firm has a 50-day moving average price of $18.94 and a 200 day moving average price of $20.98.

Westaim (OTCMKTS:WEDXFGet Free Report) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.19). The firm had revenue of $14.00 million for the quarter, compared to analyst estimates of $1.62 million. Westaim had a negative return on equity of 5.51% and a negative net margin of 118.02%.

About Westaim

(Get Free Report)

The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. For direct investments, the firm invests in early venture, mid venture, late venture, middle market, later stage, mature, emerging growth, PIPEs, and buyout transactions.

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