Highwood Asset Management (CVE:HAM) Reaches New 52-Week Low - Here's Why

Key Points

• Highwood Asset Management Ltd. (CVE:HAM) reached a new 52-week low of C$4.83 during trading on Wednesday, down from a previous close of C$5.11.
• ATB Capital has downgraded the company's target price from C$8.00 to C$7.25, signaling concerns about its future performance.
• Highwood Asset Management has a market capitalization of C$72.24 million and a price-to-earnings ratio of 2.24, indicating low earnings relative to its stock price.

Highwood Asset Management Ltd. (CVE:HAM - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$4.83 and last traded at C$4.83, with a volume of 800 shares changing hands. The stock had previously closed at C$5.11.

Analyst Upgrades and Downgrades

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

Highwood Asset Management Price Performance

The business's 50 day simple moving average is C$5.33 and its 200 day simple moving average is C$5.54. The company has a market capitalization of C$72.24 million, a price-to-earnings ratio of 2.24 and a beta of -2.16.

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.

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