Westaim Corp. (OTCMKTS:WEDXF – Get Free Report)’s share price shot up 14.4% during mid-day trading on Thursday . The stock traded as high as $17.7765 and last traded at $17.7765. 600 shares were traded during mid-day trading, a decline of 90% from the average session volume of 6,294 shares. The stock had previously closed at $15.54.
Westaim Stock Up 1.6%
The firm has a market cap of $591.86 million, a P/E ratio of -10.44 and a beta of 0.22. The stock’s 50-day moving average is $18.15 and its 200-day moving average is $20.58.
Westaim (OTCMKTS:WEDXF – Get Free Report) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.19). Westaim had a negative net margin of 123.33% and a negative return on equity of 7.27%. The company had revenue of $14.00 million during the quarter, compared to the consensus estimate of $1.62 million.
About Westaim
The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. For direct investments, the firm invests in early venture, mid venture, late venture, middle market, later stage, mature, emerging growth, PIPEs, and buyout transactions.
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