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Westaim (CVE:WED) Stock Price Crosses Below Fifty Day Moving Average - Here's Why

Westaim logo with Financial Services background

The Westaim Co. (CVE:WED - Get Free Report)'s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$31.48 and traded as low as C$29.31. Westaim shares last traded at C$29.92, with a volume of 20,981 shares.

Westaim Price Performance

The stock's fifty day simple moving average is C$31.51 and its 200-day simple moving average is C$18.32. The stock has a market cap of C$436.87 million, a P/E ratio of 66.90 and a beta of 0.39.

About Westaim

(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.

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