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Westaim (CVE:WED) Shares Down 1% - Here's Why

Westaim logo with Financial Services background

Key Points

  • Westaim Corporation's stock price decreased by 1%, closing at C$29.90 after reaching a low of C$29.50 during trading on Thursday.
  • Trading volume saw a significant increase, with approximately 32,471 shares exchanged, up 122% from the average daily volume.
  • Westaim has a market capitalization of C$441.75 million and a P/E ratio of 67.65, indicating a relatively high valuation compared to its earnings.
  • Five stocks to consider instead of Westaim.

The Westaim Co. (CVE:WED - Get Free Report)'s stock price dropped 1% during trading on Thursday . The company traded as low as C$29.50 and last traded at C$29.90. Approximately 32,471 shares changed hands during trading, an increase of 122% from the average daily volume of 14,610 shares. The stock had previously closed at C$30.20.

Westaim Trading Down 1.0%

The firm has a market capitalization of C$441.75 million, a P/E ratio of 67.65 and a beta of 0.39. The company's fifty day simple moving average is C$31.02 and its 200 day simple moving average is C$31.11.

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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