Headwater Exploration Inc. (OTCMKTS:CDDRF – Get Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,551,900 shares, an increase of 17.0% from the May 31st total of 1,326,700 shares. Based on an average daily trading volume, of 17,100 shares, the days-to-cover ratio is currently 90.8 days.
Headwater Exploration Stock Up 0.6 %
OTCMKTS CDDRF 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 company has a 50-day simple moving average of $5.38 and a 200-day simple moving average of $5.19.
Headwater Exploration Cuts Dividend
The business also recently announced a dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a $0.0732 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a yield of 5.74%.
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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