Highwood Asset Management (CVE:HAM) Hits New 52-Week High – Here’s Why

Shares of Highwood Asset Management Ltd. (CVE:HAM) reached a new 52-week high on Tuesday. The company traded as high as C$6.30 and last traded at C$6.30, with a volume of 9,684 shares traded. The stock had previously closed at C$6.07.

Highwood Asset Management Price Performance

The business’s 50 day moving average is C$5.97 and its 200-day moving average is C$5.09. The company has a market cap of C$87.80 million, a PE ratio of 4.14 and a beta of -0.12.

Insider Activity

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

About Highwood Asset Management

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.