Westaim (CVE:WED) Stock Price Expected to Rise, Cormark Analyst Says

Westaim (CVE:WED) had its price objective upped by investment analysts at Cormark from C$6.00 to C$7.75 in a report issued on Wednesday,BayStreet.CA reports. Cormark’s price objective would indicate a potential upside of 48.18% from the stock’s current price.

Westaim Stock Performance

Shares of WED stock opened at C$5.23 on Wednesday. The firm’s 50-day simple moving average is C$4.87 and its two-hundred day simple moving average is C$4.31. Westaim has a 52 week low of C$3.38 and a 52 week high of C$5.25. 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 has a market cap of C$670.33 million, a price-to-earnings ratio of 8.05 and a beta of 0.39.

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.