Highwood Asset Management (CVE:HAM) Trading Down 1.3% - Here's Why

Key Points

• Shares fell 1.3% to C$4.71 on Monday after trading as low as C$4.70, with just 1,150 shares changing hands — an 87% drop from the average daily volume of 9,152.
• Company profile and valuation: Highwood Asset Management has a market capitalization of C$67.17 million, a P/E ratio of 3.23 and a beta of 0.04. It operates upstream and midstream oil and gas assets in the Western Canadian Sedimentary Basin, including 100% ownership of the Wabsaca River pipeline with 20,000 bpd capacity.

Highwood Asset Management Ltd. (CVE:HAM - ) shares fell 1.3% during trading on Monday . The company traded as low as C$4.70 and last traded at C$4.71. 1,150 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 9,152 shares. The stock had previously closed at C$4.77.

Highwood Asset Management Stock Down 1.3%

The company has a market capitalization of C$67.17 million, a P/E ratio of 3.23 and a beta of 0.04. The company has a 50-day moving average of C$4.25 and a two-hundred day moving average of C$4.47.

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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