Westaim (CVE:WED) Stock Passes Below Fifty Day Moving Average – What’s Next?

The Westaim Co. (CVE:WEDGet Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$25.47 and traded as low as C$23.91. Westaim shares last traded at C$24.14, with a volume of 3,383 shares.

Westaim Stock Performance

The stock’s 50-day moving average price is C$25.47 and its 200-day moving average price is C$26.49. The company has a market capitalization of C$801.01 million, a price-to-earnings ratio of -14.72 and a beta of -0.33.

About Westaim

(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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