Phillip R. Knoll Sells 14,000 Shares of Headwater Exploration Inc. (HWX.TO) (TSE:HWX) Stock

Headwater Exploration Inc. (HWX.TO) (TSE:HWX) Director Phillip R. Knoll sold 14,000 shares of the business’s stock in a transaction on Friday, January 8th. The stock was sold at an average price of C$2.90, for a total value of C$40,600.00. Following the transaction, the director now owns 323,618 shares of the company’s stock, valued at approximately C$938,492.20.

Shares of Headwater Exploration Inc. (HWX.TO) stock opened at C$2.89 on Thursday. The company has a quick ratio of 102.54, a current ratio of 103.21 and a debt-to-equity ratio of 0.11. The firm has a market cap of C$563.68 million and a price-to-earnings ratio of -36.13. The business has a fifty day simple moving average of C$2.34 and a 200-day simple moving average of C$1.59. Headwater Exploration Inc. has a fifty-two week low of C$0.00 and a fifty-two week high of C$2.94.

Headwater Exploration Inc. (HWX.TO) (TSE:HWX) last announced its earnings results on Monday, November 9th. The company reported C($0.01) earnings per share (EPS) for the quarter. Analysts anticipate that Headwater Exploration Inc. will post 0.02 earnings per share for the current fiscal year.

A number of research analysts have issued reports on HWX shares. National Bank Financial started coverage on Headwater Exploration Inc. (HWX.TO) in a research report on Tuesday, December 1st. They set an “outperform” rating and a C$3.00 price target for the company. Stifel Nicolaus upped their price objective on Headwater Exploration Inc. (HWX.TO) from C$2.00 to C$2.50 in a report on Tuesday, November 10th. BMO Capital Markets restated an “outperform” rating and issued a C$3.00 price objective on shares of Headwater Exploration Inc. (HWX.TO) in a report on Tuesday, December 8th. Finally, Haywood Securities upped their price objective on Headwater Exploration Inc. (HWX.TO) from C$2.50 to C$3.00 in a report on Tuesday, December 15th.

About Headwater Exploration Inc. (HWX.TO)

Headwater Exploration Inc, a junior resource company, explores for, develops, and produces petroleum and natural gas in Canada. The company explores for petroleum and natural gas onshore in New Brunswick. Its principal properties include the McCully Field located to the northeast of Sussex, New Brunswick; and the Frederick Brook Shale located in the Elgin sub-basin in New Brunswick.

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