Westaim (CVE:WED) Hits New 52-Week Low – Here’s Why

Shares of The Westaim Co. (CVE:WEDGet Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$19.50 and last traded at C$19.50, with a volume of 4972 shares trading hands. The stock had previously closed at C$22.15.

Westaim Stock Performance

The stock’s 50 day moving average price is C$22.47 and its 200 day moving average price is C$23.51. The company has a current ratio of 7.06, a quick ratio of 27.60 and a debt-to-equity ratio of 1.25. The company has a market capitalization of C$663.74 million, a price-to-earnings ratio of -10.47 and a beta of -0.18.

Westaim Company Profile

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

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