Westaim (OTCMKTS:WEDXF) Shares Gap Up – Here’s Why

Westaim Corp. (OTCMKTS:WEDXF) shares gapped up prior to trading on Tuesday . The stock had previously closed at $15.10, but opened at $15.88. Westaim shares last traded at $15.88, with a volume of 291 shares.

Westaim Price Performance

The stock’s fifty day moving average is $16.77 and its 200-day moving average is $17.56. The stock has a market cap of $539.48 million, a PE ratio of -8.45 and a beta of 0.21.

Westaim (OTCMKTS:WEDXF) last released its quarterly earnings data on Thursday, May 14th. The company reported ($1.00) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.67). The business had revenue of $13.56 million during the quarter, compared to analyst estimates of $14.70 million. Westaim had a negative net margin of 108.56% and a negative return on equity of 9.68%.

About Westaim

Westaim Corp. (OTCMKTS: WEDXF) is a Toronto-based investment firm focused on creating value through specialized credit, real estate and private equity strategies. The company operates as a capital allocator, partnering with experienced managers to deploy capital across a range of alternative asset classes. Westaim’s platform is designed to generate attractive risk-adjusted returns while maintaining a flexible mandate that can adapt to changing market conditions.

Through its private equity activities, Westaim invests alongside established sponsors in opportunities spanning leveraged buyouts, growth equity and carve-out transactions.