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

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The Westaim Co. (CVE:WED - Get 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 traded.

Analyst Ratings Changes

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

View Our Latest Analysis on WED

Westaim Stock Performance

The company has a 50 day moving average of C$30.92 and a 200 day moving average of C$14.27. The firm has a market cap of C$453.57 million, a P/E ratio of 69.46 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.

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