Highwood Asset Management (CVE:HAM) Shares Break Above 50 Day Moving Average – Time to Sell?

Highwood Asset Management Ltd. (CVE:HAM) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$5.93 and traded as high as C$6.00. Highwood Asset Management shares last traded at C$6.00, with a volume of 13,606 shares changing hands.

Highwood Asset Management Trading Up 5.9%

The stock’s 50-day simple moving average is C$5.93 and its 200-day simple moving average is C$5.22. The stock has a market cap of C$83.62 million, a price-to-earnings ratio of 3.95 and a beta of -0.22.

Insider Buying and Selling at Highwood Asset Management

In other news, insider Ryan Glenn Petkau sold 6,525 shares of Highwood Asset Management stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of C$5.89, for a total value of C$38,432.25. Following the completion of the sale, the insider directly owned 49,739 shares in the company, valued at approximately C$292,962.71. The trade was a 11.60% decrease in their ownership of the stock. Insiders have sold 9,760 shares of company stock valued at $58,263 in the last three months. 54.00% of the stock is currently owned by insiders.

Highwood Asset Management Company Profile

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.