Westaim (CVE:WED) Stock Passes Above 50 Day Moving Average of $2.88

The Westaim Co. (CVE:WED – Get Rating)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$2.88 and traded as high as C$2.96. Westaim shares last traded at C$2.96, with a volume of 59,580 shares traded.

Westaim Price Performance

The company has a debt-to-equity ratio of 11.05, a quick ratio of 27.60 and a current ratio of 27.60. The firm has a market cap of C$418.51 million, a P/E ratio of -37.00 and a beta of 0.48. The company has a 50-day moving average of C$2.88 and a 200 day moving average of C$2.68.

Insider Buying and Selling

In related news, Director Parag Shah bought 273,400 shares of the business’s stock in a transaction that occurred on Thursday, January 26th. The stock was acquired at an average price of C$2.95 per share, for a total transaction of C$805,983.20. Following the transaction, the director now directly owns 3,000,000 shares of the company’s stock, valued at C$8,844,000. 15.23% of the stock is owned by corporate insiders.

About Westaim

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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.