Highwood Asset Management (CVE:HAM) Trading Up 0.2% - What's Next?

Key Points

• Shares of Highwood Asset Management (CVE:HAM) rose 0.2% to C$4.65 (intraday high C$4.68) on Tuesday, with 7,946 shares traded, a 16% decline from the average session volume of 9,465.
• The stock trades near its 50-day (C$4.51) and 200-day (C$4.43) moving averages, has a market cap of C$65.48 million, a P/E of 3.18, and a beta of -0.21.
• Highwood focuses on oil and gas acquisition, exploration, development and production in the Western Canadian Sedimentary Basin and owns the Wabsaca River pipeline, a 20,000 barrel-per-day crude sales line to the Plains Rainbow System in Edmonton.

Highwood Asset Management Ltd. (CVE:HAM - ) shares shot up 0.2% during trading on Tuesday . The stock traded as high as C$4.68 and last traded at C$4.65. 7,946 shares were traded during trading, a decline of 16% from the average session volume of 9,465 shares. The stock had previously closed at C$4.64.

Highwood Asset Management Price Performance

The stock has a 50-day moving average price of C$4.51 and a two-hundred day moving average price of C$4.43. The stock has a market cap of C$65.48 million, a PE ratio of 3.18 and a beta of -0.21.

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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