Highwood Asset Management (CVE:HAM) Hits New 12-Month High – What’s Next?

Highwood Asset Management Ltd. (CVE:HAM – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$5.82 and last traded at C$5.90, with a volume of 100112 shares trading hands. The stock had previously closed at C$5.66.

Highwood Asset Management Stock Performance

The company’s 50 day moving average price is C$5.08 and its 200 day moving average price is C$4.64. The company has a market cap of C$83.73 million, a price-to-earnings ratio of 22.04 and a beta of -0.17.

About Highwood Asset Management

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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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