Highwood Asset Management (CVE:HAM) Sets New 1-Year Low – What’s Next?

Highwood Asset Management Ltd. (CVE:HAMGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$3.81 and last traded at C$3.99, with a volume of 2400 shares trading hands. The stock had previously closed at C$3.89.

Highwood Asset Management Price Performance

The stock’s 50 day moving average is C$4.55 and its 200-day moving average is C$5.03. The company has a market capitalization of C$56.91 million, a P/E ratio of 3.33 and a beta of -1.99.

About Highwood Asset Management

(Get Free Report)

Highwood Asset Management Ltd., together with its subsidiary, engages in the acquisition, exploration, development, and production of oil and gas reserves in the Western Canadian Sedimentary basin. The company operates through Metallic Minerals, Midstream Operations, and Upstream Operations segments. It holds 100% interest in the Wabsaca River pipeline system, a crude oil sales line with a capacity to deliver 20,000 barrel per day of crude to the Plains Rainbow System in Edmonton, Northern Alberta.

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