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

Westaim Corp. (OTCMKTS:WEDXFGet Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 32,500 shares were traded during trading, an increase of 419% from the previous session’s volume of 6,257 shares.The stock last traded at $19.50 and had previously closed at $19.9106.

Westaim Price Performance

The company’s fifty day moving average price is $17.81 and its 200-day moving average price is $20.28. The stock has a market cap of $625.91 million, a price-to-earnings ratio of -11.09 and a beta of 0.22.

Westaim (OTCMKTS:WEDXFGet Free Report) last issued its quarterly 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 company had revenue of $14.00 million during the quarter, compared to the consensus estimate of $1.62 million. Westaim had a negative return on equity of 6.91% and a negative net margin of 123.33%.

About Westaim

(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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