Granite Oil Corp Has Another Very Weak Trading Session

 Granite Oil Corp Has Another Very Weak Trading Session

The stock of Granite Oil Corp (TSE:GXO) is a huge mover today! About 12,520 shares traded hands. Granite Oil Corp (TSE:GXO) has declined 14.55% since April 20, 2016 and is downtrending. It has underperformed by 19.95% the S&P500.
The move comes after 5 months negative chart setup for the $191.30M company. It was reported on Nov, 24 by Barchart.com. We have $5.22 PT which if reached, will make TSE:GXO worth $11.48 million less.

Granite Oil Corp (TSE:GXO) Ratings Coverage

Out of 4 analysts covering Granite Oil (TSE:GXO), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $10.50 is the highest target while $6.50 is the lowest. The $8.39 average target is 51.17% above today’s ($5.55) stock price. Granite Oil has been the topic of 17 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 2016 Budget and Guidance Update” on June 16, 2016, also Marketwired.com with their article: “Granite Oil Corp. Announces Closing of $16.5 Million Bought Deal Financing” published on June 15, 2016, Marketwired.com published: “Granite Oil Corp. Announces $15 Million Bought Deal Financing” on May 26, 2016. More interesting news about Granite Oil Corp (TSE:GXO) were released by: Seekingalpha.com and their article: “Granite Oil Corp. Appears To Be A Bargain” published on May 31, 2016 as well as Marketwired.com‘s news article titled: “Granite Oil Corp. Announces 2015 Year End Reserves, Operational Update and …” with publication date: March 14, 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 $191.30 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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