Westaim (OTCMKTS:WEDXF) Sees Large Volume Increase - Here's Why

Key Points

• Westaim Corp. (OTCMKTS:WEDXF) experienced a significant increase in trading volume, with 10,342 shares traded, marking a 68% rise from the previous session.
• The company reported a quarterly earnings per share (EPS) of ($0.01), surpassing expectations by $0.16, and generated revenue of $10.50 million compared to the anticipated $1.46 million.
• Westaim's stock is currently trading at $20.50, below its 50-day moving average of $21.62 and its 200-day moving average of $22.15, indicating potential volatility in the near term.

Shares of Westaim Corp. (OTCMKTS:WEDXF - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 10,342 shares changed hands during trading, an increase of 68% from the previous session's volume of 6,138 shares.The stock last traded at $20.50 and had previously closed at $19.87.

Westaim Price Performance

The firm's 50-day moving average price is $21.49 and its 200-day moving average price is $22.09. The stock has a market cap of $684.52 million, a P/E ratio of -14.57 and a beta of 0.19.

Westaim (OTCMKTS:WEDXF - Get Free Report) last posted its earnings results 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 company had revenue of $10.50 million during the quarter, compared to analysts' expectations of $1.46 million. Westaim had a negative net margin of 118.02% and a negative return on equity of 6.03%.

About Westaim

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.