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HWX (Headwater Exploration Inc) Stock Analysis
Buy, Hold or Sell?

Let's analyze Headwater Exploration Inc together

I guess you are interested in Headwater Exploration Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • πŸ“Š Fundamental Analysis (FA) – Headwater Exploration Inc’s Financial Insights
  • πŸ“ˆ Technical Analysis (TA) – Headwater Exploration Inc’s Price Targets

I'm going to help you getting a better view of Headwater Exploration Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Headwater Exploration Inc (30 sec.)










1.2. What can you expect buying and holding a share of Headwater Exploration Inc? (30 sec.)

How much money do you get?

How much money do you get?
C$0.29
When do you have the money?
1 year
How often do you get paid?
27.5%

What is your share worth?

Current worth
C$3.04
Expected worth in 1 year
C$3.45
How sure are you?
67.5%

+ What do you gain per year?

Total Gains per Share
C$0.81
Return On Investment
12.1%

For what price can you sell your share?

Current Price per Share
C$6.71
Expected price per share
C$6.30754256 - C$7.8311
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Headwater Exploration Inc (5 min.)




Live pricePrice per Share (EOD)
C$6.71
Intrinsic Value Per Share
C$0.52 - C$9.35
Total Value Per Share
C$3.57 - C$12.39

2.2. Growth of Headwater Exploration Inc (5 min.)




Is Headwater Exploration Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$531.7m$437.9m$70.2m13.8%

How much money is Headwater Exploration Inc making?

Current yearPrevious yearGrowGrow %
Making money$36.8m$30m$6.7m18.3%
Net Profit Margin32.4%33.1%--

How much money comes from the company's main activities?

2.3. Financial Health of Headwater Exploration Inc (5 min.)




2.4. Comparing to competitors in the Oil & Gas E&P industry (5 min.)




  Industry Rankings (Oil & Gas E&P)  


Richest
#91 / 318

Most Revenue
#94 / 318

Most Profit
#60 / 318
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Headwater Exploration Inc?

Welcome investor! Headwater Exploration Inc's management wants to use your money to grow the business. In return you get a share of Headwater Exploration Inc.

First you should know what it really means to hold a share of Headwater Exploration Inc. And how you can make/lose money.

Speculation

The Price per Share of Headwater Exploration Inc is C$6.71. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Headwater Exploration Inc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Headwater Exploration Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is C$3.04. Based on the TTM, the Book Value Change Per Share is C$0.10 per quarter. Based on the YOY, the Book Value Change Per Share is C$0.08 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is C$0.10 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Headwater Exploration Inc.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 C$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per Share
Usd Eps0.152.3%0.152.3%0.131.9%0.132.0%0.101.4%0.040.6%
Usd Book Value Change Per Share0.071.1%0.081.1%0.060.9%0.071.1%0.091.3%0.040.7%
Usd Dividend Per Share0.071.1%0.071.1%0.071.1%0.071.0%0.040.6%0.020.3%
Usd Total Gains Per Share0.152.2%0.152.2%0.131.9%0.142.1%0.131.9%0.061.0%
Usd Price Per Share4.74-4.90-5.04-4.72-3.92-2.18-
Price to Earnings Ratio7.67-7.91-10.29-9.23-4.81--3.72-
Price-to-Total Gains Ratio32.12-33.42-39.55-35.08--4.16--20.77-
Price to Book Ratio2.12-2.30-2.74-2.54-2.72-2.01-
Price-to-Total Gains Ratio32.12-33.42-39.55-35.08--4.16--20.77-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share4.932521
Number of shares202
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.070.04
Usd Book Value Change Per Share0.080.09
Usd Total Gains Per Share0.150.13
Gains per Quarter (202 shares)30.0725.78
Gains per Year (202 shares)120.29103.13
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
15961110327193
211812223065141196
317818335097212299
4237244470130283402
5296305590162354505
6355366710194424608
7415427830227495711
8474488950259566814
95335491070292636917
1059261011903247071020

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%17.03.00.085.0%26.014.00.065.0%52.045.00.053.6%
Book Value Change Per Share4.00.00.0100.0%12.00.00.0100.0%17.03.00.085.0%27.013.00.067.5%65.032.00.067.0%
Dividend per Share4.00.00.0100.0%11.00.01.091.7%11.00.09.055.0%11.00.029.027.5%11.00.086.011.3%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%17.03.00.085.0%27.013.00.067.5%65.032.00.067.0%
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3.2. Key Performance Indicators

The key performance indicators of Headwater Exploration Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.1010.103-2%0.078+29%0.099+2%0.119-15%0.059+70%
Book Value Per Share--3.0432.903+5%2.499+22%2.541+20%1.996+52%1.237+146%
Current Ratio--1.6251.578+3%1.462+11%1.708-5%12.380-87%29.020-94%
Debt To Asset Ratio--0.2520.265-5%0.275-8%0.261-3%0.228+10%0.160+57%
Debt To Equity Ratio--0.3370.360-6%0.380-11%0.355-5%0.304+11%0.203+66%
Dividend Per Share--0.1000.100+0%0.099+1%0.091+10%0.055+83%0.027+266%
Enterprise Value--1289614292.8001369968212.950-6%1541404462.500-16%1420508108.483-9%1214664259.090+6%697353992.045+85%
Eps--0.2100.2100%0.172+23%0.180+17%0.129+63%0.059+255%
Ev To Sales Ratio--1.8952.225-15%3.149-40%2.818-33%13.615-86%37.205-95%
Free Cash Flow Per Share--0.0300.117-74%0.065-54%0.077-61%0.028+6%0.017+80%
Free Cash Flow To Equity Per Share---0.0710.018-503%-0.028-60%0.008-976%-0.006-92%0.005-1584%
Gross Profit Margin--1.0000.990+1%1.0000%0.997+0%0.998+0%0.999+0%
Intrinsic Value_10Y_max--9.351----------
Intrinsic Value_10Y_min--0.524----------
Intrinsic Value_1Y_max--0.400----------
Intrinsic Value_1Y_min--0.064----------
Intrinsic Value_3Y_max--1.611----------
Intrinsic Value_3Y_min--0.184----------
Intrinsic Value_5Y_max--3.315----------
Intrinsic Value_5Y_min--0.293----------
Market Cap1595463540.000+4%1533645292.8001586616963.200-3%1634964962.500-6%1527612691.900+0%1268710909.140+21%707173742.070+117%
Net Profit Margin--0.2940.324-9%0.331-11%0.330-11%0.220+34%-1.321+550%
Operating Margin---0.127-100%0.404-100%0.310-100%0.124-100%-0.7660%
Operating Ratio--1.0410.921+13%0.601+73%0.711+46%0.865+20%1.741-40%
Pb Ratio2.205+4%2.1202.301-8%2.744-23%2.540-17%2.720-22%2.009+6%
Pe Ratio7.977+4%7.6687.914-3%10.288-25%9.227-17%4.811+59%-3.718+148%
Price Per Share6.710+4%6.4506.660-3%6.858-6%6.414+1%5.330+21%2.971+117%
Price To Free Cash Flow Ratio56.274+4%54.09322.389+142%31.703+71%47.249+14%13.527+300%9.399+476%
Price To Total Gains Ratio33.415+4%32.12033.420-4%39.549-19%35.080-8%-4.163+113%-20.773+165%
Quick Ratio--0.5080.751-32%1.443-65%1.409-64%13.546-96%28.836-98%
Return On Assets--0.0520.053-3%0.050+4%0.052-1%0.042+23%0.009+478%
Return On Equity--0.0690.073-5%0.069+1%0.071-3%0.056+24%0.015+373%
Total Gains Per Share--0.2010.203-1%0.177+13%0.190+6%0.174+16%0.087+132%
Usd Book Value--531794128.100508289305.600+5%437996838.300+21%444784629.183+20%349227081.175+52%216405500.920+146%
Usd Book Value Change Per Share--0.0740.076-2%0.058+29%0.073+2%0.088-15%0.044+70%
Usd Book Value Per Share--2.2372.134+5%1.837+22%1.868+20%1.467+52%0.909+146%
Usd Dividend Per Share--0.0740.073+0%0.073+1%0.067+10%0.040+83%0.020+266%
Usd Enterprise Value--947995466.6371007063633.340-6%1133086420.384-16%1044215510.546-9%892899696.857+6%512624919.552+85%
Usd Eps--0.1550.1550%0.126+23%0.132+17%0.095+63%0.044+255%
Usd Free Cash Flow--5210388.80020431920.725-74%11452674.225-55%13505931.042-61%4944797.170+5%2908220.998+79%
Usd Free Cash Flow Per Share--0.0220.086-74%0.048-54%0.057-61%0.021+6%0.012+80%
Usd Free Cash Flow To Equity Per Share---0.0520.013-503%-0.021-60%0.006-976%-0.004-92%0.004-1584%
Usd Market Cap1172825248.254+4%1127382654.7371166322129.648-3%1201862743.934-6%1122948089.816+0%932629389.309+21%519843417.796+117%
Usd Price Per Share4.933+4%4.7414.896-3%5.041-6%4.715+1%3.918+21%2.184+117%
Usd Profit--36757940.40036830899.0750%30086172.800+22%31477594.583+17%22624834.290+62%10367225.565+255%
Usd Revenue--125080940.500115093136.800+9%91023573.725+37%95862982.058+30%69183568.950+81%35613150.793+251%
Usd Total Gains Per Share--0.1480.149-1%0.130+13%0.140+6%0.128+16%0.064+132%
 EOD+4 -4MRQTTM+13 -26YOY+21 -173Y+21 -185Y+25 -1410Y+27 -11

3.3 Fundamental Score

Let's check the fundamental score of Headwater Exploration Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-157.977
Price to Book Ratio (EOD)Between0-12.205
Net Profit Margin (MRQ)Greater than00.294
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.508
Current Ratio (MRQ)Greater than11.625
Debt to Asset Ratio (MRQ)Less than10.252
Debt to Equity Ratio (MRQ)Less than10.337
Return on Equity (MRQ)Greater than0.150.069
Return on Assets (MRQ)Greater than0.050.052
Total6/10 (60.0%)

3.4 Technical Score

Let's check the technical score of Headwater Exploration Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5053.757
Ma 20Greater thanMa 506.803
Ma 50Greater thanMa 1006.325
Ma 100Greater thanMa 2006.154
OpenGreater thanClose6.710
Total3/5 (60.0%)

4. In-depth Analysis

4.1 About Headwater Exploration Inc

Headwater Exploration Inc. engages in the exploration, development, and production of petroleum and natural gas resources in Canada. It holds interest in the Marten Hills area located in Alberta; and the 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. Headwater Exploration Inc. was incorporated in 1996 and is based in Calgary, Canada.

Fundamental data was last updated by Penke on 2025-06-30 01:17:04.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is underpriced.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profitΒ Headwater Exploration Inc earns for each $1 of revenue.

  • Above 10% is considered healthy but always compareΒ Headwater Exploration Inc to theΒ Oil & Gas E&P industry mean.
  • A Net Profit Margin of 29.4%Β means thatΒ $0.29 for each $1Β in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Headwater Exploration Inc:

  • The MRQ is 29.4%. The company is making a huge profit. +2
  • The TTM is 32.4%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ29.4%TTM32.4%-3.0%
TTM32.4%YOY33.1%-0.7%
TTM32.4%5Y22.0%+10.4%
5Y22.0%10Y-132.1%+154.1%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ29.4%6.9%+22.5%
TTM32.4%6.7%+25.7%
YOY33.1%7.7%+25.4%
3Y33.0%9.3%+23.7%
5Y22.0%-6.0%+28.0%
10Y-132.1%-32.9%-99.2%
4.3.1.2. Return on Assets

Shows howΒ efficientΒ Headwater Exploration Inc is using its assets to generate profit.

  • Above 5% is considered healthyΒ but always compareΒ Headwater Exploration Inc to theΒ Oil & Gas E&P industry mean.
  • 5.2% Return on Assets means thatΒ Headwater Exploration Inc generatedΒ $0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Headwater Exploration Inc:

  • The MRQ is 5.2%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 5.3%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ5.2%TTM5.3%-0.2%
TTM5.3%YOY5.0%+0.4%
TTM5.3%5Y4.2%+1.1%
5Y4.2%10Y0.9%+3.3%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ5.2%0.1%+5.1%
TTM5.3%-0.1%+5.4%
YOY5.0%0.2%+4.8%
3Y5.2%1.0%+4.2%
5Y4.2%0.1%+4.1%
10Y0.9%-1.8%+2.7%
4.3.1.3. Return on Equity

Shows how efficient Headwater Exploration Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compareΒ Headwater Exploration Inc to theΒ Oil & Gas E&P industry mean.
  • 6.9% Return on Equity means Headwater Exploration Inc generated $0.07Β for eachΒ $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Headwater Exploration Inc:

  • The MRQ is 6.9%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 7.3%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.9%TTM7.3%-0.3%
TTM7.3%YOY6.9%+0.4%
TTM7.3%5Y5.6%+1.7%
5Y5.6%10Y1.5%+4.1%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ6.9%1.0%+5.9%
TTM7.3%0.7%+6.6%
YOY6.9%0.9%+6.0%
3Y7.1%2.4%+4.7%
5Y5.6%0.1%+5.5%
10Y1.5%-3.8%+5.3%
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4.3.2. Operating Efficiency of Headwater Exploration Inc.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

MeasuresΒ how efficient Headwater Exploration Inc is operatingΒ .

  • Measures how much profit Headwater Exploration Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compareΒ Headwater Exploration Inc to theΒ Oil & Gas E&P industry mean.
  • An Operating Margin of 0.0%Β means the company generated $0.00 Β for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Headwater Exploration Inc:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM12.7%-12.7%
TTM12.7%YOY40.4%-27.7%
TTM12.7%5Y12.4%+0.3%
5Y12.4%10Y-76.6%+88.9%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ-12.6%-12.6%
TTM12.7%12.4%+0.3%
YOY40.4%15.3%+25.1%
3Y31.0%15.3%+15.7%
5Y12.4%0.3%+12.1%
10Y-76.6%-22.2%-54.4%
4.3.2.2. Operating Ratio

Measures how efficient Headwater Exploration Inc is keepingΒ operating costsΒ low.

  • Below 1 is considered healthy (always compare toΒ Oil & Gas E&P industry mean).
  • An Operation Ratio of 1.04 means that the operating costs are $1.04 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Headwater Exploration Inc:

  • The MRQ is 1.041. The company is inefficient in keeping operating costs low. -1
  • The TTM is 0.921. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ1.041TTM0.921+0.120
TTM0.921YOY0.601+0.320
TTM0.9215Y0.865+0.056
5Y0.86510Y1.741-0.876
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0411.116-0.075
TTM0.9211.043-0.122
YOY0.6010.873-0.272
3Y0.7110.914-0.203
5Y0.8650.991-0.126
10Y1.7411.149+0.592
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4.4.3. Liquidity of Headwater Exploration Inc.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Headwater Exploration Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare toΒ Oil & Gas E&P industry mean).
  • A Current Ratio of 1.62Β means the company has $1.62 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Headwater Exploration Inc:

  • The MRQ is 1.625. The company is able to pay all its short-term debts. +1
  • The TTM is 1.578. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.625TTM1.578+0.047
TTM1.578YOY1.462+0.116
TTM1.5785Y12.380-10.802
5Y12.38010Y29.020-16.640
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6251.205+0.420
TTM1.5781.229+0.349
YOY1.4621.223+0.239
3Y1.7081.276+0.432
5Y12.3801.464+10.916
10Y29.0201.699+27.321
4.4.3.2. Quick Ratio

Measures if Headwater Exploration Inc is able to pay off Short-term Debt but only usingΒ theΒ most liquid assets.

  • Above 1 is considered healthy butΒ always compareΒ Headwater Exploration Inc to theΒ Oil & Gas E&P industry mean.
  • A Quick Ratio of 0.51Β means the company can pay off $0.51 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Headwater Exploration Inc:

  • The MRQ is 0.508. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.751. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.508TTM0.751-0.243
TTM0.751YOY1.443-0.693
TTM0.7515Y13.546-12.796
5Y13.54610Y28.836-15.290
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5080.477+0.031
TTM0.7510.673+0.078
YOY1.4430.772+0.671
3Y1.4090.864+0.545
5Y13.5460.924+12.622
10Y28.8361.276+27.560
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4.5.4. Solvency of Headwater Exploration Inc.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much %Β of Headwater Exploration IncΒ assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compareΒ Headwater Exploration Inc to Oil & Gas E&P industry mean.
  • A Debt to Asset Ratio of 0.25Β means that Headwater Exploration Inc assets areΒ financed with 25.2% credit (debt) and the remaining percentage (100% - 25.2%)Β is financed by its owners/shareholders.Β 

Let's take a look of the Debt to Asset Ratio trends of Headwater Exploration Inc:

  • The MRQ is 0.252. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.265. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.252TTM0.265-0.013
TTM0.265YOY0.275-0.010
TTM0.2655Y0.228+0.036
5Y0.22810Y0.160+0.068
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2520.427-0.175
TTM0.2650.419-0.154
YOY0.2750.405-0.130
3Y0.2610.422-0.161
5Y0.2280.463-0.235
10Y0.1600.456-0.296
4.5.4.2. Debt to Equity Ratio

Measures ifΒ Headwater Exploration Inc is able toΒ pay off its debts by usingΒ shareholders equity.

  • Below 2 is considered healthy butΒ always compareΒ Headwater Exploration Inc to theΒ Oil & Gas E&P industry mean.
  • A Debt to Equity ratio of 33.7% means that company has $0.34 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Headwater Exploration Inc:

  • The MRQ is 0.337. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.360. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.337TTM0.360-0.023
TTM0.360YOY0.380-0.019
TTM0.3605Y0.304+0.056
5Y0.30410Y0.203+0.101
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3370.660-0.323
TTM0.3600.660-0.300
YOY0.3800.606-0.226
3Y0.3550.666-0.311
5Y0.3040.790-0.486
10Y0.2030.748-0.545
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

MeasuresΒ how much money you payΒ for each share forΒ every $1 in earnings Headwater Exploration Inc generates.

  • Above 15 is considered overpriced butΒ always compareΒ Headwater Exploration Inc to theΒ Oil & Gas E&P industry mean.
  • A PE ratio of 7.67 means the investor is paying $7.67Β for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Headwater Exploration Inc:

  • The EOD is 7.977. Based on the earnings, the company is underpriced. +1
  • The MRQ is 7.668. Based on the earnings, the company is underpriced. +1
  • The TTM is 7.914. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD7.977MRQ7.668+0.309
MRQ7.668TTM7.914-0.247
TTM7.914YOY10.288-2.373
TTM7.9145Y4.811+3.104
5Y4.81110Y-3.718+8.529
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD7.9770.514+7.463
MRQ7.6680.518+7.150
TTM7.9140.161+7.753
YOY10.2880.040+10.248
3Y9.2272.815+6.412
5Y4.8110.778+4.033
10Y-3.718-0.521-3.197
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Headwater Exploration Inc:

  • The EOD is 56.274. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 54.093. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 22.389. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD56.274MRQ54.093+2.180
MRQ54.093TTM22.389+31.704
TTM22.389YOY31.703-9.315
TTM22.3895Y13.527+8.862
5Y13.52710Y9.399+4.128
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD56.2740.572+55.702
MRQ54.0930.685+53.408
TTM22.3890.402+21.987
YOY31.703-1.100+32.803
3Y47.249-0.093+47.342
5Y13.527-0.641+14.168
10Y9.399-1.166+10.565
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price ofΒ Headwater Exploration Inc is to cheap or to expensiveΒ compared to its book value.

  • At or below 1 is considered healthyΒ (always compare to Oil & Gas E&P industry mean).
  • A PB ratio of 2.12 means the investor is paying $2.12Β for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Headwater Exploration Inc:

  • The EOD is 2.205. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.120. Based on the equity, the company is underpriced. +1
  • The TTM is 2.301. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.205MRQ2.120+0.085
MRQ2.120TTM2.301-0.181
TTM2.301YOY2.744-0.443
TTM2.3015Y2.720-0.420
5Y2.72010Y2.009+0.711
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD2.2050.910+1.295
MRQ2.1201.018+1.102
TTM2.3011.106+1.195
YOY2.7441.220+1.524
3Y2.5401.328+1.212
5Y2.7201.290+1.430
10Y2.0091.277+0.732
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Latest Balance Sheet

Balance Sheet of 2025-03-31. Currency in CAD. All numbers in thousands.

Summary
Total Assets967,462
Total Liabilities244,031
Total Stockholder Equity723,431
 As reported
Total Liabilities 244,031
Total Stockholder Equity+ 723,431
Total Assets = 967,462

Assets

Total Assets967,462
Total Current Assets187,484
Long-term Assets779,978
Total Current Assets
Cash And Cash Equivalents 125,551
Net Receivables 58,570
Inventory 1,143
Total Current Assets  (as reported)187,484
Total Current Assets  (calculated)185,264
+/- 2,220
Long-term Assets
Property Plant Equipment 777,301
Long-term Assets Other 2,677
Long-term Assets  (as reported)779,978
Long-term Assets  (calculated)779,978
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities115,377
Long-term Liabilities128,654
Total Stockholder Equity723,431
Total Current Liabilities
Accounts payable 74,450
Other Current Liabilities 2,776
Total Current Liabilities  (as reported)115,377
Total Current Liabilities  (calculated)77,226
+/- 38,151
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt2,573
Long-term Liabilities  (as reported)128,654
Long-term Liabilities  (calculated)2,573
+/- 126,081
Total Stockholder Equity
Retained Earnings 225,355
Total Stockholder Equity (as reported)723,431
Total Stockholder Equity (calculated)225,355
+/- 498,076
Other
Capital Stock487,069
Common Stock Shares Outstanding 237,774
Net Invested Capital 723,431
Net Working Capital 72,107
Property Plant and Equipment Gross 1,423,799



6.2. Balance Sheets Structured

Currency in CAD. All numbers in thousands.

 Trend2025-03-312024-12-312024-09-302024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-30
> Total Assets 
4,219
7,997
8,032
16,432
16,967
16,431
16,190
17,242
19,984
19,806
18,900
17,356
19,076
21,807
23,433
22,725
23,209
34,103
37,158
66,980
73,480
73,561
108,807
126,052
165,452
236,792
261,287
240,187
242,483
286,494
306,811
321,398
318,840
306,603
306,790
300,605
300,309
297,818
296,352
289,748
301,260
296,928
295,392
204,017
200,885
199,345
198,100
157,978
159,957
159,838
158,419
181,262
183,985
190,658
204,192
166,267
167,926
167,791
166,312
133,066
134,424
92,783
92,149
104,618
105,316
103,508
107,849
124,360
127,921
117,773
116,449
125,301
127,927
127,408
126,626
128,271
169,620
169,376
168,791
300,685
343,613
352,684
410,825
488,807
559,019
625,679
685,949
734,742
752,243
763,962
819,617
836,335
868,952
902,306
938,620
952,636
967,462
967,462952,636938,620902,306868,952836,335819,617763,962752,243734,742685,949625,679559,019488,807410,825352,684343,613300,685168,791169,376169,620128,271126,626127,408127,927125,301116,449117,773127,921124,360107,849103,508105,316104,61892,14992,783134,424133,066166,312167,791167,926166,267204,192190,658183,985181,262158,419159,838159,957157,978198,100199,345200,885204,017295,392296,928301,260289,748296,352297,818300,309300,605306,790306,603318,840321,398306,811286,494242,483240,187261,287236,792165,452126,052108,80773,56173,48066,98037,15834,10323,20922,72523,43321,80719,07617,35618,90019,80619,98417,24216,19016,43116,96716,4328,0327,9974,219
   > Total Current Assets 
585
4,759
3,098
5,216
3,209
5,352
4,646
4,640
5,739
2,438
805
1,258
2,513
3,608
3,010
1,787
1,717
12,829
10,645
33,602
22,800
14,297
46,621
44,217
20,697
65,009
69,122
24,853
14,455
48,707
48,725
51,876
35,613
24,798
20,419
16,663
17,523
13,074
9,554
7,338
11,485
13,772
13,935
12,980
11,250
11,108
10,480
11,699
16,328
16,370
17,178
20,065
26,198
38,821
34,422
24,627
28,887
27,610
26,753
27,557
30,647
30,067
29,943
30,543
34,066
32,218
50,185
51,008
58,534
57,589
56,510
59,691
65,127
64,534
62,967
66,412
115,598
114,767
113,637
85,167
96,484
97,019
109,335
147,720
153,900
209,015
211,614
221,593
195,423
169,318
184,994
200,924
196,706
207,774
212,998
207,649
187,484
187,484207,649212,998207,774196,706200,924184,994169,318195,423221,593211,614209,015153,900147,720109,33597,01996,48485,167113,637114,767115,59866,41262,96764,53465,12759,69156,51057,58958,53451,00850,18532,21834,06630,54329,94330,06730,64727,55726,75327,61028,88724,62734,42238,82126,19820,06517,17816,37016,32811,69910,48011,10811,25012,98013,93513,77211,4857,3389,55413,07417,52316,66320,41924,79835,61351,87648,72548,70714,45524,85369,12265,00920,69744,21746,62114,29722,80033,60210,64512,8291,7171,7873,0103,6082,5131,2588052,4385,7394,6404,6465,3523,2095,2163,0984,759585
       Cash And Cash Equivalents 
460
4,521
1,015
2,369
1,520
4,808
3,144
4,452
5,467
2,014
211
962
2,191
3,176
1,879
3
864
11,962
9,275
27,778
17,275
9,339
43,995
42,287
14,755
59,809
62,355
14,379
2,833
40,962
39,499
34,313
22,011
19,122
14,350
8,484
13,797
8,847
5,693
865
7,809
9,170
7,367
6,396
7,769
7,958
7,730
8,014
12,523
14,181
15,240
15,514
21,349
35,689
30,730
19,207
23,563
24,047
23,291
24,059
27,206
27,175
27,784
27,272
30,669
30,755
48,892
46,177
54,950
56,093
55,378
53,652
60,659
61,629
61,253
60,957
111,634
81,944
112,672
76,772
81,643
79,923
84,132
114,703
94,803
144,836
167,421
175,447
154,845
128,955
129,002
146,402
126,933
128,605
136,591
142,694
125,551
125,551142,694136,591128,605126,933146,402129,002128,955154,845175,447167,421144,83694,803114,70384,13279,92381,64376,772112,67281,944111,63460,95761,25361,62960,65953,65255,37856,09354,95046,17748,89230,75530,66927,27227,78427,17527,20624,05923,29124,04723,56319,20730,73035,68921,34915,51415,24014,18112,5238,0147,7307,9587,7696,3967,3679,1707,8098655,6938,84713,7978,48414,35019,12222,01134,31339,49940,9622,83314,37962,35559,80914,75542,28743,9959,33917,27527,7789,27511,96286431,8793,1762,1919622112,0145,4674,4523,1444,8081,5202,3691,0154,521460
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
30,847
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000030,84700000000000000000000000000000000000000000000000000000000000000000000000000000
       Net Receivables 
74
158
394
2,825
1,668
512
1,465
150
215
385
561
260
295
393
1,071
1,467
552
557
967
5,174
4,989
4,622
2,328
1,625
3,264
2,674
5,180
8,342
9,440
6,956
8,599
17,044
12,660
3,861
4,402
6,709
2,880
3,027
2,971
5,741
2,535
1,939
3,426
3,457
1,636
1,234
971
2,114
1,853
1,114
987
3,237
3,210
1,215
1,942
3,351
3,087
1,251
1,289
1,563
1,287
706
395
2,169
2,069
152
136
3,927
2,481
320
120
5,193
3,453
1,647
737
4,488
2,502
516
228
5,549
13,210
15,763
22,241
31,371
50,189
56,243
37,057
43,560
38,432
38,131
53,515
52,273
66,883
76,091
72,936
58,623
58,570
58,57058,62372,93676,09166,88352,27353,51538,13138,43243,56037,05756,24350,18931,37122,24115,76313,2105,5492285162,5024,4887371,6473,4535,1931203202,4813,9271361522,0692,1693957061,2871,5631,2891,2513,0873,3511,9421,2153,2103,2379871,1141,8532,1149711,2341,6363,4573,4261,9392,5355,7412,9713,0272,8806,7094,4023,86112,66017,0448,5996,9569,4408,3425,1802,6743,2641,6252,3284,6224,9895,1749675575521,4671,0713932952605613852151501,4655121,6682,82539415874
       Inventory 
11
50
39
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
410
726
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,625
2,395
870
870
835
835
737
737
0
0
0
0
0
0
1,278
1,278
1,278
1,278
1,176
1,176
1,176
886
339
339
276
276
154
154
154
154
16
16
16
8
0
0
149
0
571
554
333
580
807
2,900
1,616
1,153
1,243
535
643
972
788
997
820
875
1,193
1,143
1,1431,1938758209977889726435351,2431,1531,6162,90080758033355457101490081616161541541541542762763393398861,1761,1761,1761,2781,2781,2781,2780000007377378358358708702,3951,625000000000000000726410000000000000000000000395011
       Other Current Assets 
40
30
1,650
23
21
32
37
38
56
39
33
36
27
39
60
317
300
310
403
650
536
336
298
305
2,268
1,800
1,587
2,132
2,182
789
627
519
942
1,815
1,667
1,470
846
1,200
890
732
1,141
1,038
747
2,257
975
1,081
944
834
1,215
1,075
951
1,314
1,639
1,917
1,750
791
959
1,034
895
759
978
1,010
878
763
989
1,035
881
750
949
1,022
858
830
999
1,242
969
967
1,462
1,311
737
2,275
1,077
1,000
2,382
1,609
6,573
12,491
6,694
1,343
1,611
1,589
1,505
1,461
1,893
2,258
0
0
0
0002,2581,8931,4611,5051,5891,6111,3436,69412,4916,5731,6092,3821,0001,0772,2757371,3111,4629679691,2429998308581,0229497508811,0359897638781,0109787598951,0349597911,7501,9171,6391,3149511,0751,2158349441,0819752,2577471,0381,1417328901,2008461,4701,6671,8159425196277892,1822,1321,5871,8002,2683052983365366504033103003176039273633395638373221231,6503040
   > Long-term Assets 
3,633
3,238
4,934
11,216
13,758
11,079
11,544
12,602
14,246
17,369
18,095
16,097
16,563
18,199
20,424
20,938
21,492
21,274
26,513
33,378
50,680
59,264
62,186
81,835
144,755
171,783
192,165
215,334
228,028
237,787
258,086
269,522
283,227
281,805
286,371
283,942
282,786
284,744
286,798
282,410
289,775
283,156
281,457
191,037
189,635
188,237
187,620
146,279
143,629
143,468
141,241
161,197
157,797
151,837
169,770
141,640
139,039
140,181
139,559
105,509
103,777
62,716
62,206
74,075
71,250
71,290
57,664
73,352
69,387
60,184
59,939
65,610
62,800
62,874
63,659
61,859
54,022
54,609
55,154
215,518
247,129
255,665
301,490
341,087
405,119
416,664
474,335
513,149
556,820
594,644
634,623
635,411
672,246
694,532
725,622
744,987
779,978
779,978744,987725,622694,532672,246635,411634,623594,644556,820513,149474,335416,664405,119341,087301,490255,665247,129215,51855,15454,60954,02261,85963,65962,87462,80065,61059,93960,18469,38773,35257,66471,29071,25074,07562,20662,716103,777105,509139,559140,181139,039141,640169,770151,837157,797161,197141,241143,468143,629146,279187,620188,237189,635191,037281,457283,156289,775282,410286,798284,744282,786283,942286,371281,805283,227269,522258,086237,787228,028215,334192,165171,783144,75581,83562,18659,26450,68033,37826,51321,27421,49220,93820,42418,19916,56316,09718,09517,36914,24612,60211,54411,07913,75811,2164,9343,2383,633
       Property Plant Equipment 
3,300
2,603
4,299
10,581
13,123
10,444
10,909
11,967
13,425
16,508
17,441
15,462
15,956
17,363
19,599
20,610
21,203
21,005
26,259
33,287
50,678
59,262
62,184
81,835
144,755
171,783
190,815
213,954
226,648
236,407
256,706
268,142
281,847
280,033
284,760
281,060
279,913
281,546
283,525
279,172
220,442
213,145
210,381
184,693
182,861
180,748
179,632
122,870
121,050
119,817
117,246
145,381
143,628
128,062
144,312
104,766
103,662
103,187
102,151
79,732
77,696
48,309
47,803
59,694
56,914
56,929
57,217
70,487
68,915
57,334
57,101
61,184
59,827
59,729
60,081
58,223
50,736
51,323
51,868
215,183
246,794
255,330
301,155
340,752
404,784
415,658
473,329
511,710
555,381
593,205
633,184
616,375
647,506
662,656
724,396
742,109
777,301
777,301742,109724,396662,656647,506616,375633,184593,205555,381511,710473,329415,658404,784340,752301,155255,330246,794215,18351,86851,32350,73658,22360,08159,72959,82761,18457,10157,33468,91570,48757,21756,92956,91459,69447,80348,30977,69679,732102,151103,187103,662104,766144,312128,062143,628145,381117,246119,817121,050122,870179,632180,748182,861184,693210,381213,145220,442279,172283,525281,546279,913281,060284,760280,033281,847268,142256,706236,407226,648213,954190,815171,783144,75581,83562,18459,26250,67833,28726,25921,00521,20320,61019,59917,36315,95615,46217,44116,50813,42511,96710,90910,44413,12310,5814,2992,6033,300
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
392
381
425
416
417
405
0
381
369
357
0
333
0
308
297
284
272
260
248
236
224
212
200
187
175
163
151
139
127
115
103
91
79
67
55
43
31
19
7
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000000003719314355677991103115127139151163175187200212224236248260272284297308033303573693810405417416425381392000000000000000000000000000000000
       Long-term Assets Other 
334
635
635
635
635
635
635
635
821
861
654
635
608
836
825
329
290
269
254
91
2
2
2
0
0
0
1,350
1,380
1,380
1,380
1,380
1,380
0
0
0
1,227
0
0
0
2,845
66,099
66,787
68,681
380
0
380
380
380
380
380
380
380
380
2,053
2,053
2,053
2,053
2,053
2,074
380
380
380
380
380
380
380
380
380
380
380
380
380
380
380
350
350
54,022
0
0
335
335
335
335
335
335
335
335
335
335
335
335
19,036
24,740
31,834
1,012
2,878
2,677
2,6772,8781,01231,83424,74019,0363353353353353353353353353353353353350054,0223503503803803803803803803803803803803803803803803802,0742,0532,0532,0532,0532,053380380380380380380380380038068,68166,78766,0992,8450001,2270001,3801,3801,3801,3801,3801,35000022291254269290329825836608635654861821635635635635635635635334
> Total Liabilities 
703
1,272
1,185
1,990
2,539
4,483
3,915
4,671
6,966
6,435
5,509
4,935
5,244
5,487
6,892
5,791
5,992
5,729
8,417
8,946
12,622
11,823
8,050
24,562
36,062
44,332
67,400
39,764
41,459
27,802
43,824
49,717
44,349
31,829
35,141
30,587
30,826
30,381
30,918
26,200
29,375
28,763
29,190
8,881
7,020
7,438
7,573
9,177
8,959
8,278
7,759
9,863
8,428
8,623
22,215
11,997
9,840
10,077
9,630
10,248
10,239
10,155
10,718
10,814
9,593
9,247
9,718
12,619
10,594
10,566
10,971
13,601
13,159
13,260
13,834
13,961
12,385
12,990
13,643
31,655
86,152
84,493
115,297
91,016
117,871
133,534
160,943
191,407
201,083
204,183
232,237
225,837
243,277
243,858
254,134
253,177
244,031
244,031253,177254,134243,858243,277225,837232,237204,183201,083191,407160,943133,534117,87191,016115,29784,49386,15231,65513,64312,99012,38513,96113,83413,26013,15913,60110,97110,56610,59412,6199,7189,2479,59310,81410,71810,15510,23910,2489,63010,0779,84011,99722,2158,6238,4289,8637,7598,2788,9599,1777,5737,4387,0208,88129,19028,76329,37526,20030,91830,38130,82630,58735,14131,82944,34949,71743,82427,80241,45939,76467,40044,33236,06224,5628,05011,82312,6228,9468,4175,7295,9925,7916,8925,4875,2444,9355,5096,4356,9664,6713,9154,4832,5391,9901,1851,272703
   > Total Current Liabilities 
578
1,272
1,185
1,284
1,853
2,328
1,755
2,759
2,620
1,815
741
862
1,019
665
1,935
780
532
468
2,957
4,543
10,454
5,706
2,773
19,252
29,288
38,807
61,026
31,464
24,778
10,105
24,294
26,577
13,911
4,709
9,158
5,781
6,172
6,456
7,671
3,336
1,899
1,424
2,281
3,473
1,195
1,758
1,419
1,462
1,253
907
988
2,769
1,627
1,441
14,753
3,721
976
839
1,012
1,127
1,011
591
609
1,178
840
422
597
4,090
1,542
1,370
2,224
2,501
1,093
790
908
1,790
1,398
1,049
1,101
14,639
67,797
64,433
92,845
57,945
76,778
81,914
98,233
112,160
118,008
114,553
141,498
122,314
138,370
135,370
138,073
128,914
115,377
115,377128,914138,073135,370138,370122,314141,498114,553118,008112,16098,23381,91476,77857,94592,84564,43367,79714,6391,1011,0491,3981,7909087901,0932,5012,2241,3701,5424,0905974228401,1786095911,0111,1271,0128399763,72114,7531,4411,6272,7699889071,2531,4621,4191,7581,1953,4732,2811,4241,8993,3367,6716,4566,1725,7819,1584,70913,91126,57724,29410,10524,77831,46461,02638,80729,28819,2522,7735,70610,4544,5432,9574685327801,9356651,0198627411,8152,6202,7591,7552,3281,8531,2841,1851,272578
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,818
16,528
37,650
0
0
0
0
0
0
143
144
145
146
147
148
141
114
81
52
14
4
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
124
147
120
90
60
49
6
138
140
217
619
855
811
790
731
626
459
289
101
34
20
23
0
0
0
0002320341012894596267317908118556192171401386496090120147124000000000000000000000000000414528111414114814714614514414300000037,65016,5287,818000000000000000000000000
       Accounts payable 
578
1,272
1,185
1,152
1,712
2,179
1,595
2,654
2,467
1,644
625
651
946
665
1,854
638
447
297
2,893
4,275
10,210
5,540
2,698
11,944
21,174
19,998
23,286
23,678
11,749
8,615
20,617
23,950
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,419
647
1,253
907
984
1,185
1,612
1,431
14,743
1,904
955
839
1,012
528
970
548
556
385
774
341
421
2,062
1,048
417
533
1,731
687
367
498
1,378
1,300
953
911
4,105
37,828
26,820
44,834
52,970
66,384
62,434
74,676
71,404
85,380
80,164
96,573
73,715
102,854
95,531
96,453
70,846
74,450
74,45070,84696,45395,531102,85473,71596,57380,16485,38071,40474,67662,43466,38452,97044,83426,82037,8284,1059119531,3001,3784983676871,7315334171,0482,0624213417743855565489705281,0128399551,90414,7431,4311,6121,1859849071,2536471,4190000000000000023,95020,6178,61511,74923,67823,28619,99821,17411,9442,6985,54010,2104,2752,8932974476381,8546659466516251,6442,4672,6541,5952,1791,7121,1521,1851,272578
       Other Current Liabilities 
0
0
0
132
141
150
160
105
153
171
116
211
72
0
81
142
85
171
64
268
244
166
75
7,308
296
2,281
90
7,786
13,029
1,490
3,677
2,627
13,841
3,196
8,669
5,636
5,959
5,861
6,407
3,195
1,785
1,343
2,229
3,459
1,191
1,758
1,419
815
1,253
907
4
1,584
15
10
10
1,817
21
839
1,012
599
41
43
53
793
66
81
176
2,028
494
953
1,691
770
969
643
788
1,700
1,338
1,000
1,095
14,501
67,657
64,216
92,226
57,090
9,583
18,690
22,826
40,130
32,169
111
197
2,510
6,141
6,260
1,120
2,847
2,776
2,7762,8471,1206,2606,1412,51019711132,16940,13022,82618,6909,58357,09092,22664,21667,65714,5011,0951,0001,3381,7007886439697701,6919534942,02817681667935343415991,012839211,8171010151,58449071,2538151,4191,7581,1913,4592,2291,3431,7853,1956,4075,8615,9595,6368,6693,19613,8412,6273,6771,49013,0297,786902,2812967,30875166244268641718514281072211116171153105160150141132000
   > Long-term Liabilities 
125
1,272
1,185
706
686
2,155
2,159
1,911
4,346
4,620
4,767
4,073
4,226
4,823
4,956
5,011
5,460
5,261
5,460
4,403
2,168
6,117
5,277
5,310
6,774
5,525
6,374
8,300
16,681
17,697
19,530
23,140
30,438
27,120
25,983
24,806
24,654
23,925
23,247
22,864
27,476
27,339
26,909
5,408
5,825
5,680
6,154
7,715
7,706
7,371
6,771
7,094
6,801
7,182
7,462
8,276
8,864
9,238
8,618
9,121
9,228
9,564
10,109
9,636
8,753
8,825
9,121
8,529
9,052
9,196
8,747
11,100
12,066
12,470
12,926
12,171
10,987
11,941
12,542
17,016
18,355
20,060
22,452
33,071
41,093
51,620
62,710
79,247
83,075
89,630
90,739
103,523
104,907
108,488
116,061
124,263
128,654
128,654124,263116,061108,488104,907103,52390,73989,63083,07579,24762,71051,62041,09333,07122,45220,06018,35517,01612,54211,94110,98712,17112,92612,47012,06611,1008,7479,1969,0528,5299,1218,8258,7539,63610,1099,5649,2289,1218,6189,2388,8648,2767,4627,1826,8017,0946,7717,3717,7067,7156,1545,6805,8255,40826,90927,33927,47622,86423,24723,92524,65424,80625,98327,12030,43823,14019,53017,69716,6818,3006,3745,5256,7745,3105,2776,1172,1684,4035,4605,2615,4605,0114,9564,8234,2264,0734,7674,6204,3461,9112,1592,1556867061,1851,272125
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
201
213
200
195
189
183
158
298
0
248
573
695
527
491
328
235
215
195
815
0
0
0
0
0
0
0000008151952152353284915276955732480298158183189195200213201000000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11,865
12,257
12,726
11,976
10,798
11,758
12,384
16,718
18,092
19,812
21,879
32,376
40,566
51,129
62,382
79,012
0
89,435
0
0
0
0
0
0
0
000000089,435079,01262,38251,12940,56632,37621,87919,81218,09216,71812,38411,75810,79811,97612,72612,25711,865000000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
3,516
6,725
6,847
14,442
14,428
11,948
12,275
12,571
13,018
13,371
13,391
12,421
13,832
16,320
16,542
16,935
17,217
28,374
28,741
58,034
60,858
61,738
100,757
101,490
129,390
192,460
193,887
200,423
201,024
258,692
262,987
271,681
274,491
274,774
271,649
270,018
269,483
267,437
265,434
263,548
271,885
268,165
266,202
195,136
193,865
191,907
190,527
148,801
150,998
151,560
150,660
171,399
175,557
182,035
181,977
154,270
158,086
157,714
156,682
122,818
124,185
82,628
81,431
93,804
95,723
94,261
98,131
111,741
117,327
107,207
105,478
111,700
114,768
114,148
112,792
114,310
157,235
156,386
155,148
269,030
257,461
268,191
295,528
397,791
441,148
492,145
525,006
543,335
551,160
559,779
587,380
610,498
625,675
658,448
684,486
699,459
723,431
723,431699,459684,486658,448625,675610,498587,380559,779551,160543,335525,006492,145441,148397,791295,528268,191257,461269,030155,148156,386157,235114,310112,792114,148114,768111,700105,478107,207117,327111,74198,13194,26195,72393,80481,43182,628124,185122,818156,682157,714158,086154,270181,977182,035175,557171,399150,660151,560150,998148,801190,527191,907193,865195,136266,202268,165271,885263,548265,434267,437269,483270,018271,649274,774274,491271,681262,987258,692201,024200,423193,887192,460129,390101,490100,75761,73860,85858,03428,74128,37417,21716,93516,54216,32013,83212,42113,39113,37113,01812,57112,27511,94814,42814,4426,8476,7253,516
   Common Stock
8,675
11,907
12,077
18,082
18,103
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
247,496
247,496
247,496
247,496
247,496
247,496
247,507
247,653
247,653
247,685
247,685
247,685
247,685
247,685
247,685
247,685
247,685
247,685
247,704
247,704
247,704
247,704
247,704
247,704
247,761
247,855
247,881
247,435
247,332
247,332
290,328
290,946
290,946
387,393
387,950
395,870
396,099
469,521
472,007
476,622
476,632
479,157
481,518
481,968
482,807
483,013
484,938
486,520
0
0
0
000486,520484,938483,013482,807481,968481,518479,157476,632476,622472,007469,521396,099395,870387,950387,393290,946290,946290,328247,332247,332247,435247,881247,855247,761247,704247,704247,704247,704247,704247,704247,685247,685247,685247,685247,685247,685247,685247,685247,685247,653247,653247,507247,496247,496247,496247,496247,496247,4960000000000000000000000000000000000000000018,10318,08212,07711,9078,675
   Retained Earnings 
-5,159
-5,182
-5,230
-3,640
-3,674
-5,602
-5,764
-5,940
-5,912
-6,031
-6,024
-6,984
-6,972
-6,785
-6,563
-6,239
-5,956
-5,817
-5,487
-5,161
-4,941
-5,247
-5,049
-5,110
-6,203
-7,103
-6,011
-1,329
4,752
8,568
12,442
20,822
27,638
27,756
24,314
22,489
21,794
19,567
17,286
13,884
17,095
13,452
11,104
-60,312
-61,966
-64,401
-66,178
-108,201
-105,672
-105,302
-106,338
-85,752
-81,743
-75,492
-75,691
-103,458
-99,766
-100,235
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-135,337
-134,054
-175,683
-176,944
-164,628
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-164,313
-160,487
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-144,243
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-145,835
-144,388
-151,198
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-154,600
-137,681
-150,474
-145,886
-119,780
-91,853
-49,490
-1,078
30,467
46,864
53,304
60,665
86,704
108,515
122,405
152,508
176,375
201,506
225,355
225,355201,506176,375152,508122,405108,51586,70460,66553,30446,86430,467-1,078-49,490-91,853-119,780-145,886-150,474-137,681-154,600-152,877-151,198-144,388-145,835-144,517-144,243-147,203-153,307-151,447-141,320-146,889-160,487-164,313-162,803-164,628-176,944-175,683-134,054-135,337-101,385-100,235-99,766-103,458-75,691-75,492-81,743-85,752-106,338-105,302-105,672-108,201-66,178-64,401-61,966-60,31211,10413,45217,09513,88417,28619,56721,79422,48924,31427,75627,63820,82212,4428,5684,752-1,329-6,011-7,103-6,203-5,110-5,049-5,247-4,941-5,161-5,487-5,817-5,956-6,239-6,563-6,785-6,972-6,984-6,024-6,031-5,912-5,940-5,764-5,602-3,674-3,640-5,230-5,182-5,159
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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0
0
11,130
11,230
11,295
11,366
10,425
10,637
11,122
11,659
12,473
12,695
13,760
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15,594
15,368
16,674
17,312
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17,146
17,869
0
0
0
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0
00000017,86917,14616,33817,31216,67415,36815,59414,68613,76012,69512,47311,65911,12210,63710,42511,36611,29511,23011,130000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
64
66
15,897
18,103
18,584
18,930
19,402
19,003
18,969
20,368
22,669
22,668
22,698
22,698
33,715
33,752
62,783
65,799
66,985
105,806
106,600
135,593
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199,898
201,752
196,272
250,124
250,545
250,859
246,853
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247,335
247,529
247,689
247,870
248,148
249,664
254,790
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255,098
255,448
255,831
256,308
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9,506
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9,366
9,502
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9,874
10,015
10,043
10,167
10,264
10,382
10,470
10,554
10,626
10,690
10,747
10,822
10,870
10,914
10,926
10,943
10,950
11,024
11,048
11,130
11,230
11,295
11,366
10,425
10,637
11,122
11,659
12,473
12,695
13,760
14,686
15,594
15,368
16,674
17,312
16,338
17,146
17,869
18,970
18,332
19,420
0
0
0
00019,42018,33218,97017,86917,14616,33817,31216,67415,36815,59414,68613,76012,69512,47311,65911,12210,63710,42511,36611,29511,23011,13011,04811,02410,95010,94310,92610,91410,87010,82210,74710,69010,62610,55410,47010,38210,26410,16710,04310,0159,8749,7939,6559,5029,3669,1749,5069,209256,308255,831255,448255,098254,713254,790249,664248,148247,870247,689247,529247,335247,018246,853250,859250,545250,124196,272201,752199,898199,563135,593106,600105,80666,98565,79962,78333,75233,71522,69822,69822,66822,66920,36818,96919,00319,40218,93018,58418,10315,8976664000



6.3. Balance Sheets

Currency in CAD. All numbers in thousands.




6.4. Cash Flows

Currency in CAD. All numbers in thousands.




6.5. Income Statements

Currency in CAD. All numbers in thousands.


6.6. Latest Income Statement

Income Statement (annual), 2024-12-31. Currency in CAD. All numbers in thousands.

Gross Profit (+$)
totalRevenue619,804
Cost of Revenue-287,741
Gross Profit332,063332,063
 
Operating Income (+$)
Gross Profit332,063
Operating Expense-378,800
Operating Income241,004-46,737
 
Operating Expense (+$)
Research Development0
Selling General Administrative22,996
Selling And Marketing Expenses0
Operating Expense378,80022,996
 
Net Interest Income (+$)
Interest Income5,705
Interest Expense-2,435
Other Finance Cost-0
Net Interest Income3,270
 
Pretax Income (+$)
Operating Income241,004
Net Interest Income3,270
Other Non-Operating Income Expenses0
Income Before Tax (EBT)245,489239,789
EBIT - interestExpense = -2,435
188,028
190,463
Interest Expense2,435
Earnings Before Interest and Taxes (EBIT)0247,924
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax245,489
Tax Provision-57,461
Net Income From Continuing Ops188,028188,028
Net Income188,028
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net1,215-3,270
 

Technical Analysis of Headwater Exploration Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Headwater Exploration Inc. The general trend of Headwater Exploration Inc is BULLISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Headwater Exploration Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (71.4%) Bearish trend (-71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Headwater Exploration Inc Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

SupportΒ is a price level at which demand for an asset is strong enough to prevent the price from falling further.
ResistanceΒ is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Headwater Exploration Inc.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 7.1635619596542 < 7.3986722745626 < 7.8311.

The bearish price targets are: 6.6617195906433 > 6.4059409302326 > 6.30754256.

Know someone who trades $HWX? Share this with them.πŸ‘‡

Headwater Exploration Inc Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows theΒ moving averageΒ of the selected period.

  • Moving averages are laggingΒ trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Headwater Exploration Inc. The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Headwater Exploration Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows theΒ momentumΒ of theΒ selected period based on two moving averages.

  • MACD is aΒ lagging momentumΒ indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Headwater Exploration Inc. The current macd is 0.11006494.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Headwater Exploration Inc price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Headwater Exploration Inc. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Headwater Exploration Inc price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Headwater Exploration Inc Daily Moving Average Convergence/Divergence (MACD) ChartHeadwater Exploration Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Headwater Exploration Inc. The current adx is 30.48.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Headwater Exploration Inc shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Headwater Exploration Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • ShowsΒ the current trend.
  • ShowsΒ potential entry signals.
  • ShowsΒ Β potential exit signals.
  • Can be used to placeΒ trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Headwater Exploration Inc. The current sar is 7.05454061.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Headwater Exploration Inc Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentumΒ indicator, meaning the signals are instant.
  • RangesΒ between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Headwater Exploration Inc. The current rsi is 53.76. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Headwater Exploration Inc Daily Relative Strength Index (RSI) ChartHeadwater Exploration Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

ComparesΒ a certain price to multiple prices ranging over time.

  • LeadingΒ momentumΒ indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • RangesΒ between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Headwater Exploration Inc. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Headwater Exploration Inc price going down in the near term. -2
  • Trending up: The STOCH %K is trending up. +1
Headwater Exploration Inc Daily Stochastic Oscillator ChartHeadwater Exploration Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,Β the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Headwater Exploration Inc. The current cci is -47.9767736.

Headwater Exploration Inc Daily Commodity Channel Index (CCI) ChartHeadwater Exploration Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Headwater Exploration Inc. The current cmo is -4.60066435.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Headwater Exploration Inc Daily Chande Momentum Oscillator (CMO) ChartHeadwater Exploration Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Β Shows the current price relative to the highest high over the last 14 days.
Β 

  • Lagging momentum indicator
  • Ranging between 0 andΒ -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Headwater Exploration Inc. The current willr is -86.63004469.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Headwater Exploration Inc Daily Williams %R ChartHeadwater Exploration Inc Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversoldΒ 

Score

Let's take a look at the Bollinger Bands of Headwater Exploration Inc.

Headwater Exploration Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Headwater Exploration Inc. The current atr is 0.15112346.

Headwater Exploration Inc Daily Average True Range (ATR) ChartHeadwater Exploration Inc Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Β Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Headwater Exploration Inc. The current obv is 22,509,132.

Headwater Exploration Inc Daily On-Balance Volume (OBV) ChartHeadwater Exploration Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Headwater Exploration Inc. The current mfi is 42.67.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Headwater Exploration Inc Daily Money Flow Index (MFI) ChartHeadwater Exploration Inc Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Headwater Exploration Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-14STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-02-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-02-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-02-24SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-02-25CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-03STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-03-06MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-03-07RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2025-03-10STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-12SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-03-13STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-17WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-03-19WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-24STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-03-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-03-27STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2025-03-31STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-04-02STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-07STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-08STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-09RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-04-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-24WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-04-28STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-29CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-06CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-07STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-05-12STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-13STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-15STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-20MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-05-21STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-05-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-05-23STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-05-28STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-02STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-06-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-06-04STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-05BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-06-06STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-06-10STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-11STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-13STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-18STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-19STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-06-20STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-06-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-06-25CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-06-26CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-06-30CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-07-02CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-07-03CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside

6.3. Candlestick Patterns

Headwater Exploration Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Headwater Exploration Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5053.757
Ma 20Greater thanMa 506.803
Ma 50Greater thanMa 1006.325
Ma 100Greater thanMa 2006.154
OpenGreater thanClose6.710
Total3/5 (60.0%)
Penke
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