Shares of Granite Oil Corp (OTCMKTS:GXOCF – Get Free Report) crossed above its 50-day moving average during trading on Wednesday. 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 traded.
Granite Oil Stock Down 1.1%
The stock 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 natural gas exploration and production company focused primarily on developing conventional petroleum assets in Alberta. The company’s operations have been concentrated on light-oil properties, with production consisting mainly of crude oil, natural gas and natural gas liquids.
Granite Oil has emphasized enhanced oil recovery techniques, including carbon dioxide injection, to improve recovery from mature reservoirs and extend the productive life of its assets.
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