The stock of Granite Oil Corp (TSE:GXO) is a huge mover today! About 55,239 shares traded hands. Granite Oil Corp (TSE:GXO) has declined 20.89% since February 5, 2016 and is downtrending. It has underperformed by 37.38% the S&P500.
The move comes after 7 months negative chart setup for the $210.07 million company. It was reported on Sep, 13 by Barchart.com. We have $5.48 PT which if reached, will make TSE:GXO worth $27.31 million less.
Out of 2 analysts covering Granite Oil (TSE:GXO), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Granite Oil has been the topic of 11 analyst reports since September 23, 2015 according to StockzIntelligence Inc.
Granite Oil Corp., formerly DeeThree Exploration Ltd., is a Canada oil producer based in Calgary, Alberta with lands and activities located in southern Alberta. The company has a market cap of $210.07 million. The Firm is engaged in the exploration for and exploitation, development and production of oil and natural gas. It currently has negative earnings. The Company’s Alberta Bakken Properties are located in southern Alberta, approximately 70 kilometers south of Lethbridge.
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