Headwater Exploration (OTCMKTS:CDDRF) Shares Up 1.2% – Here’s What Happened

Headwater Exploration Inc. (OTCMKTS:CDDRF) rose 1.2% on Thursday . The stock traded as high as $8.50 and last traded at $8.39. Approximately 11,133 shares changed hands during trading, a decline of 77% from the average daily volume of 47,423 shares. The stock had previously closed at $8.29.

Wall Street Analyst Weigh In

Several equities analysts have commented on CDDRF shares. Raymond James Financial lowered shares of Headwater Exploration from an “outperform” rating to a “market perform” rating in a research note on Monday, December 8th. Royal Bank Of Canada restated a “sector perform” rating on shares of Headwater Exploration in a report on Friday, December 5th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Headwater Exploration in a research report on Monday, January 19th. Finally, National Bankshares reissued an “outperform” rating on shares of Headwater Exploration in a research report on Friday, December 5th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Headwater Exploration presently has an average rating of “Moderate Buy”.

Headwater Exploration Stock Performance

The firm has a 50-day simple moving average of $6.91 and a 200 day simple moving average of $5.83.

Headwater Exploration Company Profile

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. Headwater Exploration Inc incorporated in 1996 and is headquartered in Calgary, Canada.