Westaim (CVE:WED) Shares Cross Below 50-Day Moving Average – Should You Sell?

The Westaim Co. (CVE:WEDGet Free Report)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$25.10 and traded as low as C$24.70. Westaim shares last traded at C$24.99, with a volume of 22,841 shares changing hands.

Westaim Stock Performance

The firm has a market capitalization of C$829.22 million, a price-to-earnings ratio of -15.24 and a beta of -0.13. The business has a fifty day moving average price of C$25.10 and a 200 day moving average price of C$26.81.

Westaim Company Profile

(Get Free Report)

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.

Further Reading

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