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

Key Points

• Westaim Corp. (OTCMKTS:WEDXF) experienced a significant increase in trading volume, surging by 172% with 16,400 shares changing hands on Wednesday.
• The company reported better-than-expected earnings with ($0.01)earnings per share, surpassing the consensus estimate of ($0.17).
• Westaim has a market capitalization of $720.87 million and a current stock price of $21.50, slightly down from the previous close of $21.66.

Shares of Westaim Corp. (OTCMKTS:WEDXF - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 16,400 shares were traded during mid-day trading, an increase of 172% from the previous session's volume of 6,037 shares.The stock last traded at $21.50 and had previously closed at $21.66.

Westaim Price Performance

The firm has a fifty day moving average of $21.16 and a two-hundred day moving average of $21.99. The stock has a market capitalization of $698.05 million, a P/E ratio of -14.86 and a beta of 0.19.

Westaim (OTCMKTS:WEDXF - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.16. The firm had revenue of $10.50 million during the quarter, compared to the consensus estimate of $1.46 million. Westaim had a negative return on equity of 5.51% and a negative net margin of 118.02%.

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.