The Westaim Co. (CVE:WED – Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$28.36 and traded as high as C$32.05. Westaim shares last traded at C$32.00, with a volume of 21,341 shares.
Analysts Set New Price Targets
Separately, Cormark raised their price objective on Westaim from C$6.00 to C$7.75 in a research note on Wednesday, December 11th.
Check Out Our Latest Stock Report on WED
Westaim Stock Up 1.7 %
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.
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