Highwood Asset Management (CVE:HAM) Hits New 52-Week High – Here’s Why

Highwood Asset Management Ltd. (CVE:HAM) shares hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as C$6.30 and last traded at C$6.30, with a volume of 9,684 shares trading hands. The stock had previously closed at C$6.07.

Highwood Asset Management Stock Up 3.8%

The business’s fifty day simple moving average is C$5.97 and its two-hundred day simple moving average is C$5.09. The company has a market cap of C$87.80 million, a price-to-earnings ratio of 4.14 and a beta of -0.12.

Insider Activity at Highwood Asset Management

In related news, insider Ryan Glenn Petkau sold 6,525 shares of the stock in a transaction on Monday, October 19th. The shares were sold at an average price of C$5.89, for a total value of C$38,432.25. Following the transaction, the insider directly owned 49,739 shares of the company’s stock, valued at C$292,962.71. This trade represents a 11.60% decrease in their position. Over the last quarter, insiders have sold 9,760 shares of company stock valued at $58,263. Company insiders own 54.00% of the company’s stock.

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.