The stock of Granite Oil Corp (TSE:GXO) is a huge mover today! About 98,310 shares traded hands. Granite Oil Corp (TSE:GXO) has declined 24.32% since April 27, 2016 and is downtrending. It has underperformed by 30.25% the S&P500.
The move comes after 6 months positive chart setup for the $219.00M company. It was reported on Dec, 1 by Barchart.com. We have $6.20 PT which if reached, will make TSE:GXO worth $19.71 million more.
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 47.45% above today’s ($5.69) stock price. Granite Oil has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc.
More important recent Granite Oil Corp (TSE:GXO) news were published by: Marketwired.com which released: “Granite Oil Corp. Announces Closing of $16.5 Million Bought Deal Financing” on June 15, 2016, also Marketwired.com published article titled: “Granite Oil Corp. Announces $15 Million Bought Deal Financing”, Seekingalpha.com published: “Granite Oil Corp. Appears To Be A Bargain” on May 31, 2016. More interesting news about Granite Oil Corp (TSE:GXO) was released by: Marketwired.com and their article: “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 $219.00 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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