Westaim (CVE:WED) Price Target Raised to C$7.75 at Cormark

Westaim (CVE:WED) had its price objective hoisted by equities researchers at Cormark from C$6.00 to C$7.75 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Cormark’s price target indicates a potential upside of 47.90% from the stock’s previous close.

Westaim Price Performance

CVE WED remained flat at C$5.24 during trading on Wednesday. The company’s stock had a trading volume of 86,448 shares, compared to its average volume of 157,278. The company has a current ratio of 11.67, a quick ratio of 27.60 and a debt-to-equity ratio of 0.01. The company has a market capitalization of C$671.61 million, a P/E ratio of 8.05 and a beta of 0.39. The firm’s fifty day moving average is C$4.82 and its 200 day moving average is C$4.29. Westaim has a fifty-two week low of C$3.38 and a fifty-two week high of C$5.25.

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.