Highwood Asset Management (CVE:HAM) Reaches New 12-Month Low – What’s Next?

Highwood Asset Management Ltd. (CVE:HAM)’s share price reached a new 52-week low on Tuesday . The company traded as low as C$3.90 and last traded at C$3.85, with a volume of 7024 shares. The stock had previously closed at C$3.98.

Highwood Asset Management Stock Down 3.3%

The stock has a 50-day moving average of C$4.49 and a 200-day moving average of C$4.98. The company has a market cap of C$54.91 million, a PE ratio of 3.21 and a beta of -1.99.

Highwood Asset Management Company Profile

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.