Headwater Exploration (TSE:HWX) Hits New 52-Week High - Still a Buy?

Key Points

• Headwater Exploration shares reached a new 52-week high of C$7.71, closing slightly lower at C$7.70 with over 1 million shares traded.
• The company has a market capitalization of C$1.84 billion and a P/E ratio of 9.94, indicating a potentially attractive valuation for investors.
• Headwater Exploration is engaged in the exploration and production of oil and gas, primarily in New Brunswick and Alberta, generating revenue from commodities like crude oil and natural gas.

Shares of Headwater Exploration Inc. (TSE:HWX - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$7.71 and last traded at C$7.70, with a volume of 1009919 shares. The stock had previously closed at C$7.42.

Headwater Exploration Trading Down 2.1%

The stock's fifty day simple moving average is C$7.02 and its two-hundred day simple moving average is C$6.52. The company has a quick ratio of 2.07, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. The firm has a market cap of C$1.80 billion, a PE ratio of 9.68, a PEG ratio of 0.83 and a beta of 0.79.

Headwater Exploration Company Profile

Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration, development, and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids.