Headwater Exploration (OTCMKTS:CDDRF) Trading Up 1.1% – Should You Buy?

Headwater Exploration Inc. (OTCMKTS:CDDRF) rose 1.1% during trading on Wednesday . The stock traded as high as $6.28 and last traded at $6.26. Approximately 61,898 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 54,316 shares. The stock had previously closed at $6.19.

Headwater Exploration Stock Performance

The firm’s 50 day simple moving average is $5.51 and its 200-day simple moving average is $5.15.

Headwater Exploration Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.0808 dividend. This represents a yield of 584.0%. This is a positive change from Headwater Exploration’s previous dividend of $0.08. The ex-dividend date of this dividend was Monday, September 29th.

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.