Westaim (OTCMKTS:WEDXF) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Westaim Corp. (OTCMKTS:WEDXF) saw unusually-high trading volume on Friday . Approximately 25,216 shares traded hands during mid-day trading, an increase of 180% from the previous session’s volume of 9,007 shares.The stock last traded at $18.11 and had previously closed at $18.34.

Westaim Stock Performance

The firm has a 50-day moving average of $18.36 and a 200-day moving average of $19.24. The firm has a market capitalization of $611.23 million, a P/E ratio of -10.83 and a beta of 0.19.

Westaim (OTCMKTS:WEDXF) last announced 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). Westaim had a negative return on equity of 6.91% and a negative net margin of 123.33%.The business had revenue of $14.00 million during the quarter, compared to analysts’ expectations of $1.62 million.

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.