WesternOne Inc (WEQ) Trading 5.1% Higher
WesternOne Inc (TSE:WEQ) traded up 5.1% during mid-day trading on Wednesday . The stock traded as high as C$1.45 and last traded at C$1.45. 35,500 shares traded hands during trading, an increase of 158% from the average session volume of 13,767 shares. The stock had previously closed at C$1.38.
Separately, Raymond James Financial, Inc. lowered their target price on shares of WesternOne from C$2.80 to C$1.40 and set a “market perform” rating on the stock in a research note on Monday, May 15th.
The company’s market cap is $24.67 million. The firm’s 50-day moving average price is $1.40 and its 200 day moving average price is $1.47.
In related news, Director Joseph Lee Grant Matheson acquired 38,025 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were purchased at an average price of C$1.51 per share, with a total value of C$57,417.75. Over the last quarter, insiders have bought 144,650 shares of company stock worth $215,967.
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WesternOne Company Profile
WesternOne Inc is a Canada-based company focused on acquiring businesses in the construction and infrastructure services sectors. The Company’s segments include heat services and aerial equipment (WIS), and modular building construction and rentals, Britco LP (Britco). WIS operates under the brand, WesternOne Infrastructure Services and provides heat and related services to the construction, infrastructure and oil and gas sectors, and aerial equipment for construction, television and movie production.
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