Westaim (CVE:WED) Stock Crosses Below 200-Day Moving Average – Here’s Why
by Mitch Edgeman · The Markets DailyThe Westaim Co. (CVE:WED – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$24.37 and traded as low as C$22.31. Westaim shares last traded at C$22.31, with a volume of 100 shares trading hands.
Westaim Price Performance
The business has a fifty day moving average of C$23.59 and a 200-day moving average of C$24.37. 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 firm has a market cap of C$740.40 million, a PE ratio of -11.68 and a beta of -0.17.
About Westaim
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.