Westaim (CVE:WED) Reaches New 12-Month High – Should You Buy?

The Westaim Co. (CVE:WED) shares hit a new 52-week high on Thursday . The company traded as high as C$31.00 and last traded at C$30.98, with a volume of 848 shares changing hands. The stock had previously closed at C$5.17.

Analyst Ratings Changes

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

Westaim Stock Up 499.2 %

The business’s 50 day simple moving average is C$5.03 and its 200 day simple moving average is C$4.41. The company has a market capitalization of C$3.97 billion, a PE ratio of 47.66 and a beta of 0.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.67 and a quick ratio of 27.60.

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.