Streetbeat News

KWE

KWESST Micro Systems Inc.

https://www.kwesst.com

Industry

Aerospace & Defense

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.

Open

0.63

Mkt cap

1.1M

Volume

25K

High

0.63

P/E Ratio

-0.09

52-wk high

16.73

Low

0.61

Div yield

N/A

52-wk low

0.53

KWESST Micro Systems Inc. has received an extension from Nasdaq to meet the minimum bid price requirement of $1 per share by May 12, 2025. The company was initially notified of non-compliance on May 16, 2024.

Portfolio Pulse from

November 14, 2024 | 12:15 am

KWESST Micro Systems Inc. has successfully closed a CAD$3.4 million private placement in the US, issuing 4,145,200 pre-funded warrants to an institutional investor.

Portfolio Pulse from

November 13, 2024 | 3:15 am

KWESST Micro Systems Inc. plans to issue 119,047 common shares at a discounted price to settle a $100,000 debt with a company controlled by its Executive Chairman, David Luxton.

Portfolio Pulse from

November 11, 2024 | 1:30 pm

Tesla shares surged by 10.8% in pre-market trading after reporting better-than-expected Q3 earnings. Several other stocks also showed significant pre-market movements, including CCSC Technology, Mobile-health Network Solutions, and CNS Pharmaceuticals among gainers, while SaverOne 2014 and Gold Resource Corporation were among the losers.

Portfolio Pulse from Avi Kapoor

October 24, 2024 | 10:21 am

KWESST Micro Systems shares were halted due to a circuit breaker as the stock surged by 73.7%.