Westaim (CVE:WED) Shares Pass Below 50 Day Moving Average – What’s Next?

Shares of The Westaim Co. (CVE:WED) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$31.37 and traded as low as C$30.95. Westaim shares last traded at C$31.51, with a volume of 6,609 shares.

Analyst Upgrades and Downgrades

Separately, Cormark boosted their price target on Westaim from C$6.00 to C$7.75 in a research note on Wednesday, December 11th.

Westaim Price Performance

The stock’s 50-day moving average is C$31.41 and its two-hundred day moving average is C$16.59. The stock has a market cap of C$465.39 million, a P/E ratio of 71.27 and a beta of 0.39.

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.