Highwood Asset Management (CVE:HAM) Stock Jumps 1% – Time to Buy?

Highwood Asset Management Ltd. (CVE:HAM)’s share price was up 1% on Monday. The stock traded as high as C$5.92 and last traded at C$5.90. Approximately 14,979 shares were traded during trading, an increase of 33% from the average daily volume of 11,299 shares. The stock had previously closed at C$5.84.

Highwood Asset Management Stock Performance

The stock has a market cap of C$81.80 million, a PE ratio of 3.86 and a beta of -0.12. The business has a 50-day moving average of C$5.95 and a 200 day moving average of C$5.40.

Insider Activity

In other Highwood Asset Management news, insider Ryan Glenn Petkau sold 6,525 shares of the company’s stock in a transaction dated 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 C$292,962.71. This represents a 11.60% decrease in their ownership of the stock. Over the last three months, insiders have sold 9,760 shares of company stock worth $58,263. 54.00% of the stock is owned by insiders.

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.