Headwater Exploration Inc. (OTCMKTS:CDDRF – Get Free Report) rose 2.4% during mid-day trading on Tuesday . The stock traded as high as $4.26 and last traded at $4.25. Approximately 104,761 shares were traded during mid-day trading, an increase of 49% from the average daily volume of 70,408 shares. The stock had previously closed at $4.15.
Headwater Exploration Stock Up 2.4 %
The company has a 50 day moving average of $4.18 and a 200-day moving average of $4.58.
Headwater Exploration Increases Dividend
The firm also recently announced a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.0764 per share. The ex-dividend date was Monday, March 31st. This is a boost from Headwater Exploration’s previous dividend of $0.07. This represents a dividend yield of 6.88%.
About Headwater Exploration
Headwater Exploration Inc engages in the exploration, development, and production of petroleum and natural gas in Canada. It holds interest in the Marten Hills area located in Alberta, and McCully Field area located in New Brunswick. The company was formerly known as Corridor Resources Inc and changed its name to Headwater Exploration Inc in March 2020.
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