Headwater Exploration (TSE:HWX) Trading Down 1% - Here's Why

Key Points

• Headwater Exploration Inc. shares declined by 1% during mid-day trading, priced at C$7.16, a shift from the previous close of C$7.23.
• The company has a market capitalization of C$1.70 billion and a price-to-earnings ratio of 9.18, indicating relatively low valuation compared to earnings.
• Headwater specializes in the exploration and development of petroleum and natural gas, mainly operating in New Brunswick and Alberta.

Headwater Exploration Inc. (TSE:HWX - ) shares traded down 1% during mid-day trading on Tuesday . The stock traded as low as C$7.12 and last traded at C$7.16. 583,365 shares were traded during mid-day trading, a decline of 12% from the average session volume of 662,923 shares. The stock had previously closed at C$7.23.

Headwater Exploration Price Performance

The company's 50-day moving average is C$7.18 and its 200-day moving average is C$6.68. 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 capitalization of C$1.70 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 0.83 and a beta of 0.71.

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.

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