Headwater Exploration Inc. (OTCMKTS:CDDRF – Get Free Report) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 3,124,400 shares, an increase of 20.9% from the February 13th total of 2,583,300 shares. Based on an average trading volume of 64,800 shares, the days-to-cover ratio is currently 48.2 days.
Headwater Exploration Price Performance
Shares of Headwater Exploration stock opened at $4.39 on Tuesday. Headwater Exploration has a 1 year low of $3.89 and a 1 year high of $6.26. The stock has a 50-day moving average price of $4.65 and a 200 day moving average price of $4.75.
Headwater Exploration Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were issued a dividend of $0.0721 per share. This represents a dividend yield of 6.54%. The ex-dividend date of this dividend was Tuesday, December 31st.
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.
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