Westaim (CVE:WED) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

The Westaim Co. (CVE:WEDGet Free Report)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$25.30 and traded as low as C$24.54. Westaim shares last traded at C$24.54, with a volume of 1,606 shares changing hands.

Westaim Stock Down 0.4%

The firm has a market cap of C$814.29 million, a price-to-earnings ratio of -14.96 and a beta of -0.33. The company has a 50 day moving average of C$25.30 and a 200 day moving average of C$26.28.

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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