Westaim (CVE:WED) Price Target Raised to C$7.75 at Cormark

Westaim (CVE:WED) had its target price increased by stock analysts at Cormark from C$6.00 to C$7.75 in a note issued to investors on Wednesday,BayStreet.CA reports. Cormark’s target price would indicate a potential upside of 47.90% from the stock’s previous close.

Westaim Stock Performance

Shares of WED remained flat at C$5.24 during midday trading on Wednesday. The stock had a trading volume of 86,448 shares, compared to its average volume of 157,278. Westaim has a fifty-two week low of C$3.38 and a fifty-two week high of C$5.25. 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 firm has a 50 day moving average price of C$4.82 and a 200 day moving average price of C$4.29. The company has a market capitalization of C$671.61 million, a P/E ratio of 8.05 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.