Westaim (OTCMKTS:WEDXF) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Westaim Corp. experienced a 40% increase in trading volume, with 8,910 shares exchanged on Friday, reflecting heightened investor interest.
• The company reported a quarterly earnings loss of ($0.34) EPS, significantly missing expectations of ($0.03), alongside a negative net margin of 253.76% and revenue of ($4.70) million.
• Westaim has a market cap of $705.10 million with a PE ratio of -9.68 and operates as a private equity firm specializing in various investments.

Westaim Corp. (OTCMKTS:WEDXF - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 8,910 shares changed hands during mid-day trading, an increase of 40% from the previous session's volume of 6,358 shares.The stock last traded at $21.01 and had previously closed at $20.65.

Westaim Trading Up 0.9%

The company has a market cap of $697.71 million, a PE ratio of -9.58 and a beta of 0.23. The firm has a 50 day moving average of $22.37 and a two-hundred day moving average of $22.26.

Westaim (OTCMKTS:WEDXF - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.31). The business had revenue of ($4.70) million during the quarter, compared to the consensus estimate of $1.34 million. Westaim had a negative net margin of 253.76% and a negative return on equity of 9.36%.

Westaim Company Profile

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.