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

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

Analysts Set New Price Targets

Separately, Cormark raised their target price on Westaim from C$6.00 to C$7.75 in a research note on Wednesday, December 11th.

Westaim Price Performance

The company has a market capitalization of C$464.06 million, a P/E ratio of 71.06 and a beta of 0.39. The company has a 50 day moving average of C$22.98 and a 200-day moving average of C$10.92.

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.