Westaim (OTCMKTS:WEDXF) Shares Gap Up – Here’s What Happened

Shares of Westaim Corp. (OTCMKTS:WEDXFGet Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $19.00, but opened at $19.88. Westaim shares last traded at $19.88, with a volume of 183 shares traded.

Westaim Stock Up 4.6%

The firm has a 50 day moving average of $17.85 and a two-hundred day moving average of $20.33. The firm has a market capitalization of $667.01 million, a price-to-earnings ratio of -11.76 and a beta of 0.22.

Westaim (OTCMKTS:WEDXFGet Free Report) last posted its 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 company had revenue of $14.00 million during the quarter, compared to the consensus estimate of $1.62 million.

Westaim Company Profile

(Get Free Report)

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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