Highwood Asset Management (CVE:HAM) Sets New 12-Month Low - Should You Sell?

Key Points

• Highwood Asset Management shares hit a new 52-week low of C$4.80, dropping from a previous close of C$4.83, with a trading volume of 5,415 shares.
• ATB Capital revised their price target for the company down from C$8.00 to C$7.25, indicating a forecast for reduced growth.
• The company has a market capitalization of C$70.08 million and operates in the acquisition and production of oil and gas reserves in Canada.

Shares of Highwood Asset Management Ltd. (CVE:HAM - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as C$4.80 and last traded at C$4.80, with a volume of 5415 shares traded. The stock had previously closed at C$4.83.

Wall Street Analysts Forecast Growth

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

Highwood Asset Management Price Performance

The firm has a 50-day moving average of C$5.08 and a 200 day moving average of C$5.40. The stock has a market capitalization of C$70.08 million, a price-to-earnings ratio of 2.17 and a beta of -2.30.

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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