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

Analysts at Raymond James assumed coverage on shares of Headwater Exploration (OTC:CDDRF) in a research report issued on Friday, Benzinga reports. The brokerage set a “market perform” rating and a $8.50 price target on the stock. Raymond James’ price objective suggests a potential upside of 78.83% from the stock’s previous close.

Headwater Exploration Stock Performance

Shares of CDDRF traded up $0.12 during mid-day trading on Friday, hitting $4.75. 8,200 shares of the company traded hands, compared to its average volume of 15,122. Headwater Exploration has a 1-year low of $4.30 and a 1-year 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.