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

The Westaim Co. (CVE:WED)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$35.55 and last traded at C$35.55, with a volume of 786 shares changing hands. The stock had previously closed at C$33.98.

Wall Street Analysts Forecast Growth

Separately, Cormark lifted their price objective on Westaim from C$6.00 to C$7.75 in a research report on Wednesday, December 11th.

Westaim Stock Performance

The company has a 50-day simple moving average of C$22.98 and a two-hundred day simple moving average of C$10.92. The firm has a market capitalization of C$464.06 million, a P/E ratio of 71.06 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.