Westaim (CVE:WED) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

The Westaim Co. (CVE:WED)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$25.70 and traded as low as C$23.52. Westaim shares last traded at C$23.52, with a volume of 7,800 shares traded.

Westaim Price Performance

The stock has a market cap of C$780.44 million, a PE ratio of -14.34 and a beta of -0.39. The business’s 50-day simple moving average is C$24.57 and its 200-day simple moving average is C$25.70. The company has a quick ratio of 27.60, a current ratio of 15.05 and a debt-to-equity ratio of 1.12.

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. For fund of fund investments, it seeks to invest in private equity funds, venture capital funds, and hedge funds.