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Westaim (CVE:WED) Shares Pass Below 200 Day Moving Average - Here's What Happened

Westaim logo with Financial Services background

Key Points

  • Westaim's stock (CVE:WED) fell below its 200-day moving average of C$31.13, trading at C$28.48 on Wednesday.
  • The company has a market capitalization of C$420.77 million and a PE ratio of 64.44.
  • Westaim specializes in private equity investments, including acquisitions and various investment strategies.
  • Need better tools to track Westaim? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

The Westaim Co. (CVE:WED - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$31.13 and traded as low as C$28.48. Westaim shares last traded at C$28.48, with a volume of 8,681 shares traded.

Westaim Stock Up 0.5%

The firm's 50-day moving average price is C$30.21 and its two-hundred day moving average price is C$31.11. The firm has a market capitalization of C$424.76 million, a PE ratio of 65.05 and a beta of 0.39.

About Westaim

(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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