Westaim (OTCMKTS:WEDXF) Shares Up 0.1% – What’s Next?

Westaim Corp. (OTCMKTS:WEDXF)’s share price shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $16.02 and last traded at $16.02. Approximately 1,200 shares were traded during trading, a decline of 66% from the average session volume of 3,501 shares. The stock had previously closed at $16.00.

Westaim Price Performance

The firm’s 50 day moving average is $16.36 and its two-hundred day moving average is $17.24. The firm has a market capitalization of $532.83 million, a P/E ratio of -8.34 and a beta of 0.21.

Westaim (OTCMKTS:WEDXF) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($1.00) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.67). Westaim had a negative return on equity of 9.68% and a negative net margin of 108.56%.The business had revenue of $13.56 million for the quarter, compared to analyst estimates of $14.70 million.

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.