Westaim (CVE:WED) Trading 0.4% Higher - Still a Buy?

Key Points

• Westaim Co. (CVE:WED) saw its stock increase by 0.4%, reaching a last trading price of C$28.73, after opening at a high of C$28.77.
• The company's market capitalization stands at C$963.95 million, with a P/E ratio of -21.76 and a beta of -0.14.
• Westaim is a private equity firm that specializes in a variety of investment strategies, including direct and indirect investments, joint ventures, and fund of fund investments.

The Westaim Co. (CVE:WED - ) traded up 0.4% on Tuesday . The company traded as high as C$28.77 and last traded at C$28.73. 8,160 shares were traded during trading, a decline of 47% from the average session volume of 15,375 shares. The stock had previously closed at C$28.61.

Westaim Stock Up 0.4%

The firm has a 50 day simple moving average of C$28.95 and a 200-day simple moving average of C$30.43. The stock has a market cap of C$963.95 million, a P/E ratio of -21.76 and a beta of -0.14.

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.

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