Headwater Exploration (OTC:CDDRF) Now Covered by Analysts at Raymond James

Investment analysts at Raymond James initiated coverage on shares of Headwater Exploration (OTC:CDDRF) in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage set a “market perform” rating and a $8.50 price target on the stock. Raymond James’ price objective would suggest a potential upside of 78.83% from the stock’s current price.

Headwater Exploration Stock Up 2.5 %

Shares of OTC:CDDRF traded up $0.12 during midday trading on Friday, reaching $4.75. The company’s stock had a trading volume of 8,200 shares, compared to its average volume of 15,122. Headwater Exploration has a 12-month low of $4.30 and a 12-month high of $6.26.

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.