KWESST Micro Systems (NASDAQ:KWE) Shares Up 13.3%

KWESST Micro Systems Inc. (NASDAQ:KWE)’s stock price traded up 13.3% during trading on Tuesday . The company traded as high as $0.17 and last traded at $0.16. 3,345,441 shares were traded during mid-day trading, an increase of 18% from the average session volume of 2,835,463 shares. The stock had previously closed at $0.14.

KWESST Micro Systems Stock Performance

The stock has a market cap of $1.70 million, a P/E ratio of -0.12 and a beta of 1.51. The stock’s fifty day moving average is $0.34 and its 200 day moving average is $0.71.

Institutional Trading of KWESST Micro Systems

An institutional investor recently bought a new position in KWESST Micro Systems stock. Warberg Asset Management LLC bought a new stake in shares of KWESST Micro Systems Inc. (NASDAQ:KWE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 112,300 shares of the company’s stock, valued at approximately $52,000. Warberg Asset Management LLC owned about 1.01% of KWESST Micro Systems as of its most recent filing with the Securities & Exchange Commission. 21.39% of the stock is owned by hedge funds and other institutional investors.

KWESST Micro Systems Company Profile

KWESST Micro Systems Inc engages in the development and commercialization of tactical systems and ammunitions for military, public safety agencies, and personal defense markets. It provides non-lethal products, including PARA OPS devices and ARWEN products. The company was incorporated in 2017 and is headquartered in Ottawa, Canada.