Headwater Exploration (TSE:HWX) Reaches New 52-Week High - Here's What Happened

Key Points

• Headwater Exploration Inc. shares reached a new 52-week high of C$7.82 during trading on Tuesday, with a volume of 34,082 shares exchanged.
• The company's market capitalization stands at C$1.85 billion, with a low debt-to-equity ratio of 0.12 and a price-to-earnings ratio of 9.95.
• Headwater Exploration is primarily engaged in the exploration and production of petroleum and natural gas, operating in regions such as McCully Field, New Brunswick, and Marten Hills, Alberta.

Headwater Exploration Inc. (TSE:HWX - ) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$7.82 and last traded at C$7.82, with a volume of 34082 shares changing hands. The stock had previously closed at C$7.72.

Headwater Exploration Stock Up 0.5%

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 2.07. The firm has a market cap of C$1.85 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 0.83 and a beta of 0.79. The firm has a 50 day moving average price of C$7.04 and a 200-day moving average price of C$6.54.

About Headwater Exploration

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.

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