Headwater Exploration Inc. (OTCMKTS:CDDRF – Get Free Report) saw a large increase in short interest during the month of 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 daily trading volume, of 64,800 shares, the short-interest ratio is presently 48.2 days.
Headwater Exploration Trading Up 1.6 %
CDDRF stock opened at $4.45 on Thursday. The business’s 50-day moving average is $4.63 and its 200 day moving average is $4.75. Headwater Exploration has a 12-month low of $3.89 and a 12-month high of $6.26.
Headwater Exploration Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, January 15th. Stockholders 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.
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.
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