Westaim (CVE:WED) Hits New 12-Month High – Here’s Why

Shares of The Westaim Co. (CVE:WED) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$33.30 and last traded at C$33.20, with a volume of 4558 shares. The stock had previously closed at C$33.10.

Wall Street Analysts Forecast Growth

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

Westaim Stock Up 3.8 %

The firm’s 50-day simple moving average is C$20.15 and its 200-day simple moving average is C$9.89. The firm has a market capitalization of C$502.47 million, a PE ratio of 76.95 and a beta of 0.39.

Westaim (CVE:WED) last issued its earnings results on Tuesday, November 12th. The company reported C($0.01) earnings per share for the quarter. Westaim had a net margin of 44.28% and a return on equity of 7.76%. On average, equities research analysts forecast that The Westaim Co. will post 0.093067 earnings per share for the current year.

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.