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

by · The Markets Daily

Westaim Corp. (OTCMKTS:WEDXF – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $13.87, but opened at $14.89. Westaim shares last traded at $15.19, with a volume of 1,700 shares.

Westaim Stock Performance

The stock has a market cap of $505.57 million, a price-to-earnings ratio of -3.49 and a beta of 0.20. The company has a 50-day moving average of $14.97 and a 200-day moving average of $16.28.

Westaim Company Profile

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Westaim Inc is a Canadian investment company focused on building and managing strategic investments in financial services businesses. Rather than operating as a traditional consumer-facing financial institution, the company provides capital to specialized businesses and seeks to create long-term value through its ownership interests.

Westaim’s principal investment platform includes Arena Investors, a U.S.-based institutional asset manager that specializes in credit and other alternative investments.

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