Raymond James began coverage on shares of Headwater Exploration (OTCMKTS:CDDRF – Free Report) in a research note released on Friday, Benzinga reports. The firm issued a market perform rating and a $8.50 target price on the stock.
Headwater Exploration Trading Down 1.1 %
CDDRF opened at $4.64 on Friday. The firm’s 50 day moving average is $4.89 and its 200-day moving average is $5.24. Headwater Exploration has a 52-week low of $4.30 and a 52-week high of $6.26.
Headwater Exploration Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.0724 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a yield of 5.96%.
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.
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