Granite Oil (OTCMKTS:GXOCF) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Granite Oil Corp (OTCMKTS:GXOCF)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.69 and traded as high as $0.71. Granite Oil shares last traded at $0.69, with a volume of 49,600 shares changing hands.

Granite Oil Stock Down 1.1 %

The firm’s fifty day moving average is $0.69 and its 200 day moving average is $0.69.

Granite Oil Company Profile

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.