Headwater Exploration (OTCMKTS:CDDRF) Trading Down 0.7% – Here’s Why

Headwater Exploration Inc. (OTCMKTS:CDDRF) fell 0.7% on Friday . The stock traded as low as $8.71 and last traded at $8.71. 42,591 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 44,021 shares. The stock had previously closed at $8.77.

Wall Street Analyst Weigh In

A number of analysts have commented on CDDRF shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Headwater Exploration in a research report on Friday, December 5th. National Bank Financial reissued an “outperform” rating on shares of Headwater Exploration in a research note on Friday, December 5th. Raymond James Financial downgraded Headwater Exploration from an “outperform” rating to a “market perform” rating in a research report on Monday, December 8th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Headwater Exploration in a report on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Headwater Exploration presently has a consensus rating of “Moderate Buy”.

Headwater Exploration Price Performance

The stock has a fifty day moving average of $7.53 and a two-hundred day moving average of $6.19.

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.