Highwood Asset Management (CVE:HAM) Stock Price Breaks Above Fifty Day Moving Average – Here’s Why

Highwood Asset Management Ltd. (CVE:HAM)’s stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of C$5.93 and traded as high as C$6.00. Highwood Asset Management shares last traded at C$6.00, with a volume of 13,606 shares.

Highwood Asset Management Trading Up 0.3%

The stock has a 50 day simple moving average of C$5.92 and a 200 day simple moving average of C$5.24. The stock has a market cap of C$82.22 million, a P/E ratio of 3.88 and a beta of -0.22.

Insider Buying and Selling at Highwood Asset Management

In other news, insider Ryan Glenn Petkau sold 6,525 shares of the company’s stock in a transaction on Monday, October 19th. The stock was sold at an average price of C$5.89, for a total transaction of C$38,432.25. Following the completion of the sale, the insider directly owned 49,739 shares in the company, valued at approximately C$292,962.71. This represents a 11.60% decrease in their position. In the last ninety days, insiders sold 9,760 shares of company stock worth $58,263. Corporate insiders own 54.00% of the company’s stock.

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.