Granite Oil Corp (OTCMKTS:GXOCF)’s stock price was down 5.6% on Wednesday . The stock traded as low as $0.48 and last traded at $0.48, approximately 1,707 shares changed hands during mid-day trading. A decline of 88% from the average daily volume of 13,867 shares. The stock had previously closed at $0.51.

The company’s fifty day moving average is $0.41 and its two-hundred day moving average is $0.43.

About Granite Oil (OTCMKTS:GXOCF)

Granite Oil Corp. engages in the exploration for, exploitation, development, and production of oil and natural gas in Canada. The company holds a 98% working interest in the Alberta Bakken properties covering 56,409 net undeveloped acres and 72,652 net developed acres with 68.0 net oil wells and 83.0 net gas wells located in southern Alberta.

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