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

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

Headwater Exploration Stock Up 2.5 %

CDDRF stock opened at $4.75 on Friday. Headwater Exploration has a one year low of $4.30 and a one year 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.