Headwater Exploration (OTC:CDDRF) Research Coverage Started at Raymond James

Raymond James initiated coverage on shares of Headwater Exploration (OTC:CDDRF) in a research report report published on Friday, Benzinga reports. The brokerage issued a market perform rating and a $8.50 target price on the stock.

Headwater Exploration Price Performance

Headwater Exploration stock traded up $0.12 during midday trading on Friday, reaching $4.75. 4,982 shares of the stock traded hands, compared to its average volume of 15,105. Headwater Exploration has a fifty-two week low of $4.30 and a fifty-two week high of $6.26.

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.