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

Highwood Asset Management Ltd. (CVE:HAM) traded up 0.9% on Monday . The company traded as high as C$5.90 and last traded at C$5.90. 1,800 shares were traded during mid-day trading, a decline of 73% from the average session volume of 6,671 shares. The stock had previously closed at C$5.85.

Highwood Asset Management Trading Up 0.9 %

The stock’s 50-day moving average price is C$5.81 and its 200-day moving average price is C$5.85. The company has a market capitalization of C$87.56 million, a P/E ratio of 1.09 and a beta of -0.90.

Highwood Asset Management (CVE:HAM) last issued its earnings results on Wednesday, August 14th. The company reported C$0.69 earnings per share for the quarter, topping the consensus estimate of C$0.67 by C$0.02. Highwood Asset Management had a return on equity of 91.31% and a net margin of 63.50%. The firm had revenue of C$32.74 million for the quarter, compared to analyst estimates of C$37.30 million. Sell-side analysts expect that Highwood Asset Management Ltd. will post 1.7757576 earnings per share for the current fiscal 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.