Westaim (CVE:WED) Sets New 52-Week High – Here’s Why

The Westaim Co. (CVE:WED) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$31.00 and last traded at C$30.98, with a volume of 848 shares trading hands. The stock had previously closed at C$5.17.

Wall Street Analyst Weigh In

Separately, Cormark boosted their price objective on shares of Westaim from C$6.00 to C$7.75 in a research note on Wednesday, December 11th.

Westaim Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 11.67 and a quick ratio of 27.60. The stock has a 50-day moving average price of C$6.08 and a 200-day moving average price of C$4.78. The company has a market capitalization of C$3.96 billion, a price-to-earnings ratio of 47.48 and a beta of 0.39.

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.