Westaim (CVE:WED) Sets New 52-Week Low - Here's What Happened

Key Points

• Westaim Co. (CVE:WED) reached a new 52-week low, trading at C$26.75 before closing at C$26.89.
• The company's market capitalization stands at C$896.84 million with a price-to-earnings ratio of -20.25.
• Westaim specializes in private equity investments, including acquisitions and joint ventures, across various stages of company growth.

The Westaim Co. (CVE:WED - ) hit a new 52-week low during trading on Friday . The stock traded as low as C$26.75 and last traded at C$26.89, with a volume of 7070 shares trading hands. The stock had previously closed at C$27.51.

Westaim Stock Performance

The firm's 50 day simple moving average is C$28.73 and its 200 day simple moving average is C$30.29. The firm has a market capitalization of C$896.84 million, a price-to-earnings ratio of -20.25 and a beta of -0.18.

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.

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