Granite Oil Corp Stock Price Declines Today

 Granite Oil Corp Stock Price Declines Today

The stock of Granite Oil Corp (TSE:GXO) is a huge mover today! About 68,895 shares traded hands. Granite Oil Corp (TSE:GXO) has declined 23.71% since March 24, 2016 and is downtrending. It has underperformed by 27.18% the S&P500.
The move comes after 5 months negative chart setup for the $167.99M company. It was reported on Oct, 31 by Barchart.com. We have $4.46 PT which if reached, will make TSE:GXO worth $23.52M less.

Granite Oil Corp (TSE:GXO) Ratings Coverage

Out of 3 analysts covering Granite Oil (TSE:GXO), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Granite Oil has been the topic of 15 analyst reports since July 21, 2015 according to StockzIntelligence Inc.

More notable recent Granite Oil Corp (TSE:GXO) news were published by: Marketwired.com which released: “Granite Oil Corp. Announces Second Quarter Results and Monthly Dividend for …” on August 11, 2016, also Marketwired.com with their article: “Granite Oil Corp. Announces 2016 Budget and Guidance Update” published on June 16, 2016, Marketwired.com published: “Granite Oil Corp. Announces Closing of $16.5 Million Bought Deal Financing” on June 15, 2016. More interesting news about Granite Oil Corp (TSE:GXO) were released by: Marketwired.com and their article: “Granite Oil Corp. Announces $15 Million Bought Deal Financing” published on May 26, 2016 as well as Seekingalpha.com‘s news article titled: “Granite Oil Corp. Appears To Be A Bargain” with publication date: May 31, 2016.

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 $167.99 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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