Shares of Granite Oil Corp (OTCMKTS:GXOCF – Get Free Report) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $0.69 and traded as high as $0.71. Granite Oil shares last traded at $0.6922, with a volume of 49,600 shares trading hands.
Granite Oil Trading Down 1.1%
The business has a fifty day moving average of $0.69 and a 200-day moving average of $0.69.
Granite Oil Company Profile
Granite Oil Corporation is a Canadian oil and gas company focused on the exploration, development and production of crude oil from conventional petroleum properties. The company’s activities have centered on operating and optimizing mature oil assets rather than pursuing a broad portfolio of energy products.
Granite Oil has historically focused on properties in southern Alberta, where it has used methods such as waterflooding and other enhanced-recovery techniques to support production from established reservoirs.
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