Westaim (CVE:WED) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

The Westaim Co. (CVE:WED) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$24.40 and traded as low as C$23.10. Westaim shares last traded at C$23.30, with a volume of 6,300 shares.

Westaim Price Performance

The company has a market cap of C$773.14 million, a PE ratio of -18.64 and a beta of -0.39. The business’s 50 day moving average price is C$24.37 and its 200-day moving average price is C$25.32. The company has a quick ratio of 27.60, a current ratio of 7.98 and a debt-to-equity ratio of 1.11.

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.