Highwood Asset Management (CVE:HAM) Stock Falls 1.5% – Should You Sell?

Highwood Asset Management Ltd. (CVE:HAM – Get Free Report)’s share price dropped 1.5% during mid-day trading on Friday. The stock traded as low as C$5.80 and last traded at C$5.83. 9,355 shares changed hands during trading, a decline of 21% from the average session volume of 11,788 shares. The stock had previously closed at C$5.92.

Highwood Asset Management Price Performance

The stock has a market cap of C$81.25 million, a price-to-earnings ratio of 3.84 and a beta of -0.26. The business’s 50 day moving average is C$5.92 and its 200 day moving average is C$5.26.

About Highwood Asset Management

(Get Free Report)

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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