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Highwood Asset Management (CVE:HAM) Reaches New 12-Month Low - Here's Why

Highwood Asset Management logo with Energy background

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.
  • Five stocks we like better than Highwood Asset Management.

Highwood Asset Management Ltd. (CVE:HAM - Get Free Report)'s stock price reached 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 trading hands. The stock had previously closed at C$5.11.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on HAM

Highwood Asset Management Price Performance

The stock has a 50-day moving average price of C$5.29 and a 200 day moving average price of C$5.52. The firm has a market cap of C$71.81 million, a price-to-earnings ratio of 2.22 and a beta of -2.16.

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.

See Also

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