Westaim (CVE:WED) Reaches New 1-Year High – Should You Buy?

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

Wall Street Analyst Weigh In

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

Westaim Stock Performance

The firm has a market capitalization of C$491.83 million, a PE ratio of 75.32 and a beta of 0.39. The company’s 50-day moving average price is C$21.88 and its 200-day moving average price is C$10.56.

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.