Highwood Asset Management (CVE:HAM) Shares Up 2.4% - Here's Why

Key Points

• Shares rose 2.4% to C$5.07 on Wednesday, with 15,085 shares traded — about 80% above the average session volume.
• The company has a market capitalization of C$71.47 million and a low P/E of 3.47; its 50-day and 200-day moving averages are C$4.67 and C$4.41, respectively.
• Highwood is an oil and gas producer in the Western Canadian Sedimentary Basin and owns 100% of the Wabsaca River pipeline, a 20,000 barrels-per-day crude sales line to the Plains Rainbow System in Edmonton.

Highwood Asset Management Ltd. (CVE:HAM - ) shot up 2.4% during trading on Wednesday . The company traded as high as C$5.07 and last traded at C$5.07. 15,085 shares traded hands during mid-day trading, an increase of 80% from the average session volume of 8,384 shares. The stock had previously closed at C$4.95.

Highwood Asset Management Trading Up 2.4%

The business's fifty day moving average is C$4.67 and its 200 day moving average is C$4.41. The firm has a market capitalization of C$71.47 million, a P/E ratio of 3.47 and a beta of -0.18.

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. It holds 100% interest in the Wabsaca River pipeline system, a crude oil sales line with a capacity to deliver 20,000 barrel per day of crude to the Plains Rainbow System in Edmonton, Northern Alberta.

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