Westaim (OTCMKTS:WEDXF) Stock Price Down 1.8% – Here’s What Happened

Shares of Westaim Corp. (OTCMKTS:WEDXF) dropped 1.8% during mid-day trading on Wednesday . The company traded as low as $18.54 and last traded at $18.6650. Approximately 2,650 shares traded hands during trading, a decline of 70% from the average daily volume of 8,880 shares. The stock had previously closed at $19.00.

Westaim Stock Down 1.8%

The firm has a market capitalization of $623.04 million, a PE ratio of -11.04 and a beta of 0.19. The stock has a 50-day moving average price of $18.30 and a 200 day moving average price of $19.25.

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

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.