tiprankstipranks
Westaim Reports Q3 Loss and Announces New Investments
Company Announcements

Westaim Reports Q3 Loss and Announces New Investments

Story Highlights

Westaim (TSE:WED) has released an update.

Pick the best stocks and maximize your portfolio:

Westaim Corporation reported a net loss of $1.1 million for Q3 2024, a sharp decline from the previous year’s profit of $23 million for the same period. The company also announced a $250 million strategic investment agreement with Wembley Group Partners and plans to invest $600 million in a new vehicle managed by CC Capital.

For further insights into TSE:WED stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskWestaim Shareholders Approve Major CC Capital Deal
TipRanks Canadian Auto-Generated NewsdeskWestaim Urges Shareholders to Vote Amid Postal Disruptions
TipRanks Canadian Auto-Generated NewsdeskWestaim Names New CFO Amid Strategic Expansion
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App