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

Shares of Westaim Corp. (OTCMKTS:WEDXF) saw strong trading volume on Wednesday . 8,301 shares traded hands during trading, an increase of 43% from the previous session’s volume of 5,803 shares.The stock last traded at $16.00 and had previously closed at $15.99.

Westaim Stock Down 0.1%

The stock has a market capitalization of $531.16 million, a PE ratio of -8.32 and a beta of 0.21. The firm’s fifty day moving average price is $16.14 and its two-hundred day moving average price is $17.10.

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

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.