Why KWESST Micro Systems (KWE) Stock Is Skyrocketing

KWESST Micro Systems Inc (NASDAQ:KWE) shares are trading higher by 75% to $0.69 during Monday’s session after the company was awarded a sub-contract by Thales Canada to deliver specialized software services for the Canadian Department of National Defence’s Land C4ISR contracts.

The sub-contract, signed on June 7, is valued at up to CAD $48 million over six years, with KWESST’s revenue depending on task orders. KWESST CEO Sean Homuth emphasized the strategic importance of this contract for their technology’s application in defense and public safety.

How To Buy KWE Stock

By now you're likely curious about how to participate in the market for KWESST Micro Systems – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of KWESST Micro Systems, which is trading at $0.75 as of publishing time, $100 would buy you 133.33 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, KWE has a 52-week high of $3.85 and a 52-week low of $0.30.

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.