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Highwood Asset Management (CVE:HAM) Stock Price Down 2% - Here's Why

Highwood Asset Management logo with Energy background

Key Points

  • Highwood Asset Management Ltd.'s stock price decreased by 2%, closing at C$4.85 after hitting a low of C$4.83 during the trading session.
  • ATB Capital lowered its price target for the company's shares from C$8.00 to C$7.25 in a recent research report.
  • The company has a market capitalization of C$69.93 million, a P/E ratio of 2.17, and operates in the oil and gas sector in Canada.
  • MarketBeat previews the top five stocks to own by November 1st.

Highwood Asset Management Ltd. (CVE:HAM - Get Free Report)'s share price fell 2% during trading on Wednesday . The stock traded as low as C$4.83 and last traded at C$4.85. 1,101 shares changed hands during trading, a decline of 80% from the average session volume of 5,480 shares. The stock had previously closed at C$4.95.

Wall Street Analysts Forecast Growth

Separately, ATB Capital dropped 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.

Read Our Latest Analysis on HAM

Highwood Asset Management Stock Performance

The stock's 50-day moving average is C$5.12 and its 200 day moving average is C$5.44. The firm has a market cap of C$69.93 million, a P/E ratio of 2.17 and a beta of -2.30.

Highwood Asset Management Company Profile

(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.

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