Is Buying Westaim Corp Here a Winning Strategy?


The stock of Westaim Corp (CVE:WED) is a huge mover today! The stock decreased 0.71% or $0.02 on September 13, hitting $2.8. About 99,104 shares traded hands or 132.77% up from the average. Westaim Corp (CVE:WED) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
The move comes after 5 months positive chart setup for the $410.78 million company. It was reported on Sep, 13 by We have $4.70 PT which if reached, will make CVE:WED worth $279.33M more.

The Westaim Corporation is a Canada investment company. The company has a market cap of $410.78 million. The Firm is engaged in providing long-term capital to businesses operating primarily within the global financial services industry. It has a 238.7 P/E ratio. The Firm invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation.

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