Highwood Asset Management (CVE:HAM) Reaches New 52-Week High – Should You Buy?

Shares of Highwood Asset Management Ltd. (CVE:HAM) hit a new 52-week high 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. The stock had previously closed at C$6.07.

Highwood Asset Management Trading Down 1.5%

The stock has a market capitalization of C$84.45 million, a PE ratio of 3.99 and a beta of -0.12. The company’s 50-day moving average is C$5.98 and its 200 day moving average is C$5.12.

Insider Transactions at Highwood Asset Management

In other Highwood Asset Management news, insider Ryan Glenn Petkau sold 6,525 shares of the firm’s 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 completion of the transaction, the insider owned 49,739 shares of the company’s stock, valued at approximately C$292,962.71. This trade represents a 11.60% decrease in their ownership of the stock. In the last quarter, insiders have sold 9,760 shares of company stock worth $58,263. Corporate 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.