Westaim (CVE:WED) Stock Passes Below 50-Day Moving Average – What’s Next?

The Westaim Co. (CVE:WED)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$31.37 and traded as low as C$30.95. Westaim shares last traded at C$31.51, with a volume of 6,609 shares trading hands.

Wall Street Analyst Weigh In

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

Westaim Stock Performance

The company has a market capitalization of C$465.39 million, a PE ratio of 71.27 and a beta of 0.39. The firm has a fifty day simple moving average of C$31.41 and a 200 day simple moving average of C$16.59.

Westaim Company Profile

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.