Westaim (CVE:WED) Reaches New 52-Week High – Here’s What Happened

The Westaim Co. (CVE:WED)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$4.98 and last traded at C$4.97, with a volume of 114050 shares traded. The stock had previously closed at C$4.93.

Westaim Trading Up 0.6 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 27.60 and a current ratio of 11.67. The firm’s fifty day simple moving average is C$4.20 and its 200-day simple moving average is C$4.06. The stock has a market cap of C$635.72 million, a P/E ratio of 7.58 and a beta of 0.39.

Westaim (CVE:WED) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C($0.18) EPS for the quarter, missing analysts’ consensus estimates of C($0.14) by C($0.04). The business had revenue of C$4.81 million for the quarter. Westaim had a net margin of 61.76% and a return on equity of 13.13%. Equities research analysts expect that The Westaim Co. will post 0.093067 EPS for the current fiscal 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.