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

Key Points

• The Westaim Co. (CVE:WED) saw its share price drop below its 50-day moving average of C$29.84, trading as low as C$27.50.
• As of the latest trading session, Westaim shares were priced at C$27.73, with a market capitalization of C$930.40 million.
• Westaim is a private equity firm focusing on a range of investment strategies, including acquisitions and joint ventures.

The Westaim Co. (CVE:WED - Get Free Report)'s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$29.84 and traded as low as C$27.50. Westaim shares last traded at C$27.73, with a volume of 6,629 shares trading hands.

Westaim Stock Down 0.7%

The firm has a market cap of C$936.10 million, a PE ratio of -21.13 and a beta of -0.13. The company's 50 day moving average price is C$29.63 and its two-hundred day moving average price is C$30.84.

About Westaim

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.