Shares of Granite Oil Corp (OTCMKTS:GXOCF – Get Free Report) traded down 1.1% during mid-day trading on Tuesday. The stock traded as low as $0.6840 and last traded at $0.6922. Approximately 49,600 shares were traded during trading, an increase of 33% from the average daily volume of 37,302 shares. The stock had previously closed at $0.7001.
Granite Oil Stock Down 1.1%
The firm has a 50 day moving average of $0.69 and a 200 day moving average of $0.69.
Granite Oil Company Profile
Granite Oil Corporation was a Canadian oil and gas company focused on the development and production of crude oil from conventional petroleum assets in southeastern Alberta. Its operations centered on the Alberta Bakken formation, including the Elnor Lake area, where the company used horizontal drilling and enhanced oil recovery techniques to develop mature oil reservoirs. The company’s business emphasized long-life, lower-decline oil production supported by waterflooding and other reservoir-management programs.
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