Raymond James Begins Coverage on Headwater Exploration (OTC:CDDRF)

Raymond James assumed coverage on shares of Headwater Exploration (OTC:CDDRF) in a report issued on Friday morning, Benzinga reports. The firm issued a market perform rating and a $8.50 price objective on the stock.

Headwater Exploration Stock Performance

CDDRF traded up $0.12 during trading on Friday, hitting $4.75. The stock had a trading volume of 8,200 shares, compared to its average volume of 15,122. Headwater Exploration has a twelve month low of $4.30 and a twelve month high of $6.26.

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.