Westaim (CVE:WED) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

The Westaim Co. (CVE:WED)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 trading hands.

Westaim Stock Down 1.2%

The company’s fifty day moving average price is C$25.26 and its two-hundred day moving average price is C$26.24. The company has a market cap of C$804.66 million, a price-to-earnings ratio of -14.79 and a beta of -0.33.

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.