Westaim (CVE:WED) Stock Passes Below 200-Day Moving Average – Here’s What Happened

The Westaim Co. (CVE:WED)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$25.70 and traded as low as C$23.52. Westaim shares last traded at C$23.52, with a volume of 7,800 shares traded.

Westaim Price Performance

The company has a current ratio of 15.05, a quick ratio of 27.60 and a debt-to-equity ratio of 1.12. The business’s 50 day moving average price is C$24.57 and its two-hundred day moving average price is C$25.70. The stock has a market cap of C$780.44 million, a P/E ratio of -14.34 and a beta of -0.39.

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.