Highwood Asset Management (CVE:HAM) Shares Up 2% - Here's Why

Key Points

• Highwood Asset Management shares increased by 2% to C$5.20, with trading volume rising to 13,190 shares—an increase of 124% compared to its average.
• Analysts at ATB Capital have reduced their target price for the company's shares from C$8.00 to C$7.25.
• The firm has a market capitalization of C$77.17 million and a price-to-earnings ratio of 0.96.

Highwood Asset Management Ltd. (CVE:HAM - Get Free Report) shares shot up 2% on Friday . The stock traded as high as C$5.20 and last traded at C$5.20. 13,190 shares were traded during trading, an increase of 124% from the average session volume of 5,877 shares. The stock had previously closed at C$5.10.

Analysts Set New Price Targets

Separately, ATB Capital lowered their target price on shares of 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's 50-day moving average price is C$5.46 and its 200 day moving average price is C$5.60. The firm has a market capitalization of C$77.17 million, a price-to-earnings ratio of 0.96 and a beta of -0.90.

Highwood Asset Management Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.