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

The Westaim Co. (CVE:WED) 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. The stock had previously closed at C$33.98.

Wall Street Analysts Forecast Growth

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

Westaim Stock Performance

The stock has a market cap of C$491.83 million, a PE ratio of 75.32 and a beta of 0.39. The stock’s 50-day moving average is C$21.88 and its two-hundred day moving average is C$10.56.

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.