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Highwood Asset Management (CVE:HAM) Sets New 52-Week Low - Time to Sell?

Highwood Asset Management logo with Energy background

Key Points

  • Highwood Asset Management Ltd. (CVE:HAM) reached a new 12-month low of C$4.98 and is currently trading at C$5.11.
  • ATB Capital has reduced their target price for the company from C$8.00 to C$7.25.
  • The company has a market capitalization of C$73.68 million and reports a low price-to-earnings ratio of 2.28.
  • Interested in Highwood Asset Management? Here are five stocks we like better.

Highwood Asset Management Ltd. (CVE:HAM - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as C$4.98 and last traded at C$5.11, with a volume of 5137 shares changing hands. The stock had previously closed at C$5.06.

Analyst Upgrades and Downgrades

Separately, ATB Capital cut their price target on shares of Highwood Asset Management from C$8.00 to C$7.25 in a research report on Friday, July 4th.

Check Out Our Latest Stock Report on HAM

Highwood Asset Management Price Performance

The stock has a market cap of C$73.68 million, a price-to-earnings ratio of 2.28 and a beta of -2.16. The firm's fifty day moving average price is C$5.34 and its two-hundred day moving average price is C$5.54.

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.

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