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Westaim (OTCMKTS:WEDXF) Sees Large Volume Increase - What's Next?

Westaim logo with Basic Materials background

Shares of Westaim Corp. (OTCMKTS:WEDXF - Get Free Report) saw unusually-high trading volume on Monday . Approximately 24,714 shares traded hands during trading, an increase of 269% from the previous session's volume of 6,705 shares.The stock last traded at $22.03 and had previously closed at $21.91.

Westaim Stock Up 0.5%

The company has a market capitalization of $739.22 million, a P/E ratio of -10.15 and a beta of 0.20. The business has a 50 day moving average of $22.86 and a 200 day moving average of $22.15.

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

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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