Headwater Exploration Inc. (OTCMKTS:CDDRF – Get Free Report) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 1,551,900 shares, a growth of 17.0% from the May 31st total of 1,326,700 shares. Based on an average trading volume of 17,100 shares, the days-to-cover ratio is presently 90.8 days.
Headwater Exploration Price Performance
Headwater Exploration stock opened at $5.33 on Tuesday. Headwater Exploration has a one year low of $4.30 and a one year high of $6.26. The business has a fifty day moving average of $5.38 and a two-hundred day moving average of $5.19.
Headwater Exploration Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a $0.0732 dividend. This represents a dividend yield of 5.74%. The ex-dividend date of this dividend is Friday, June 28th.
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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