Granite Oil (OTCMKTS:GXOCF) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Granite Oil Corp (OTCMKTS:GXOCFGet Free Report) crossed above its 50 day moving average during trading on Friday . 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.

Granite Oil Stock Down 1.1%

The company’s fifty day simple moving average is $0.69 and its two-hundred day simple moving average is $0.69.

About Granite Oil

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Granite Oil Corporation (OTCMKTS:GXOCF) is an independent exploration and production company headquartered in Calgary, Alberta. The company focuses on the acquisition, development and optimization of conventional oil properties across North America. Granite Oil’s strategy emphasizes steady cash flow from established fields while targeting selective exploration opportunities to extend reserve life and support sustainable growth.

Granite Oil’s asset portfolio is concentrated in key areas of the Williston Basin, with significant working interests in mature oil fields in eastern Montana and southwestern Saskatchewan.

Further Reading

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