Westaim (CVE:WED) Shares Pass Below 50-Day Moving Average – Here’s Why

Shares of The Westaim Co. (CVE:WEDGet Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$23.00 and traded as low as C$22.12. Westaim shares last traded at C$22.12, with a volume of 6,400 shares traded.

Westaim Stock Up 0.1%

The business has a 50-day moving average of C$22.98 and a 200 day moving average of C$23.91. The company has a market capitalization of C$734.43 million, a PE ratio of -11.59 and a beta of -0.18. The company has a debt-to-equity ratio of 1.25, a current ratio of 7.06 and a quick ratio of 27.60.

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. For fund of fund investments, it seeks to invest in private equity funds, venture capital funds, and hedge funds.

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