Westaim (CVE:WED) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

The Westaim Co. (CVE:WEDGet Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$30.93 and traded as low as C$29.82. Westaim shares last traded at C$29.97, with a volume of 7,134 shares trading hands.

Wall Street Analyst Weigh In

Separately, Cormark increased their price target on Westaim from C$6.00 to C$7.75 in a report on Wednesday, December 11th.

Check Out Our Latest Research Report on WED

Westaim Stock Performance

The firm has a fifty day moving average price of C$30.92 and a two-hundred day moving average price of C$14.12. The stock has a market capitalization of C$449.13 million, a P/E ratio of 68.78 and a beta of 0.39.

Westaim Company Profile

(Get Free Report)

The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. For direct investments, the firm invests in early venture, mid venture, late venture, middle market, later stage, mature, emerging growth, PIPEs, and buyout transactions.

Featured Articles

Receive News & Ratings for Westaim Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westaim and related companies with MarketBeat.com's FREE daily email newsletter.