Westaim (OTCMKTS:WEDXF) Shares Gap Up – Still a Buy?

Westaim Corp. (OTCMKTS:WEDXFGet Free Report) shares gapped up prior to trading 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 Price Performance

The stock has a market cap of $500.56 million, a PE ratio of -3.45 and a beta of 0.20. The stock’s fifty day moving average is $15.00 and its 200-day moving average is $16.30.

About Westaim

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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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