Highwood Asset Management Ltd. (CVE:HAM – Get Free Report) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 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 5.9%
The company has a market capitalization of C$83.62 million, a P/E ratio of 3.95 and a beta of -0.22. The company has a 50 day moving average price of C$5.93 and a 200 day moving average price of C$5.22.
Insider Buying and Selling
In other Highwood Asset Management news, insider Ryan Glenn Petkau sold 6,525 shares of Highwood Asset Management stock in a transaction on Monday, October 19th. The shares were sold at an average price of C$5.89, for a total transaction of C$38,432.25. Following the completion of the transaction, the insider directly owned 49,739 shares of the company’s stock, valued at C$292,962.71. The trade was a 11.60% decrease in their ownership of the stock. Insiders have sold 9,760 shares of company stock worth $58,263 over the last three months. 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.
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