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

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 traded.

Westaim Stock Performance

The stock’s 50-day simple moving average is $17.82 and its two-hundred day simple moving average is $19.62.

Westaim (OTCMKTS:WEDXF) last released its quarterly 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 firm had revenue of $14.00 million for the quarter, compared to analysts’ expectations of $1.62 million. Westaim had a negative return on equity of 6.91% and a negative net margin of 123.33%.

About Westaim

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.