Highwood Asset Management (CVE:HAM) Trading Down 1.6% - Here's Why

Key Points

• Highwood Asset Management shares fell by 1.6%, closing at C$4.98 on Monday, significantly below the previous close of C$5.06.
• Trading volume was down by 56% compared to the average session, with only 2,535 shares changing hands.
• ATB Capital has reduced their target price for the company's shares from C$8.00 to C$7.25 in a recent report.

Highwood Asset Management Ltd. (CVE:HAM - Get Free Report)'s share price traded down 1.6% during trading on Monday . The company traded as low as C$4.98 and last traded at C$4.98. 2,535 shares were traded during trading, a decline of 56% from the average session volume of 5,704 shares. The stock had previously closed at C$5.06.

Wall Street Analysts Forecast Growth

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

Highwood Asset Management Trading Down 1.6%

The company has a market capitalization of C$71.81 million, a PE ratio of 2.22 and a beta of -2.16. The stock has a fifty day simple moving average of C$5.29 and a 200-day simple moving average of C$5.52.

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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