Westaim (OTCMKTS:WEDXF) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Westaim Corp. (OTCMKTS:WEDXF) saw unusually-strong trading volume on Tuesday . Approximately 12,600 shares were traded during trading, an increase of 97% from the previous session’s volume of 6,384 shares.The stock last traded at $18.45 and had previously closed at $19.07.

Westaim Trading Down 3.3%

The company has a market capitalization of $615.86 million, a P/E ratio of -10.92 and a beta of 0.22. The company’s fifty day moving average is $17.82 and its 200 day moving average is $20.05.

Westaim (OTCMKTS:WEDXF) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.19). Westaim had a negative net margin of 123.33% and a negative return on equity of 6.91%. The company had revenue of $14.00 million for the quarter, compared to the consensus estimate of $1.62 million.

Westaim Company Profile

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.