Highwood Asset Management (CVE:HAM) Stock Price Up 0.9% – Should You Buy?

Highwood Asset Management Ltd. (CVE:HAM) shares rose 0.9% on Monday . The stock traded as high as C$5.90 and last traded at C$5.90. Approximately 1,800 shares changed hands during trading, a decline of 73% from the average daily volume of 6,671 shares. The stock had previously closed at C$5.85.

Highwood Asset Management Stock Performance

The stock’s 50-day moving average price is C$5.81 and its 200-day moving average price is C$5.84. The company has a market capitalization of C$86.07 million, a price-to-earnings ratio of 1.07 and a beta of -0.90.

Highwood Asset Management (CVE:HAM) last released its quarterly earnings data on Wednesday, August 14th. The company reported C$0.69 EPS for the quarter, topping the consensus estimate of C$0.67 by C$0.02. Highwood Asset Management had a net margin of 63.50% and a return on equity of 91.31%. The business had revenue of C$32.74 million for the quarter, compared to analyst estimates of C$37.30 million. Analysts anticipate that Highwood Asset Management Ltd. will post 1.7757576 earnings per share for the current year.

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.