Granite Oil Corp (TSE:GXO) Director Kathy Turgeon acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of C$3.55 per share, for a total transaction of C$10,650.00.
Granite Oil Corp (TSE GXO) traded up 0.27% during trading on Friday, hitting $3.73. 27,141 shares of the company were exchanged. Granite Oil Corp has a 1-year low of $3.42 and a 1-year high of $6.99. The stock has a market capitalization of $127.45 million and a PE ratio of 53.29. The firm’s 50 day moving average price is $4.50 and its 200-day moving average price is $5.11.
The firm also recently declared a monthly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were issued a $0.035 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.42 annualized dividend and a yield of 11.29%.
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A number of equities analysts recently issued reports on the stock. Raymond James Financial, Inc. dropped their price objective on shares of Granite Oil Corp from C$8.75 to C$8.50 and set an “outperform” rating on the stock in a report on Thursday. Royal Bank Of Canada dropped their price objective on shares of Granite Oil Corp from C$8.00 to C$6.00 in a report on Thursday, July 20th. Finally, National Bank Financial dropped their price objective on shares of Granite Oil Corp from C$6.00 to C$4.50 and set a “sector perform” rating on the stock in a report on Thursday.
Granite Oil Corp Company Profile
Granite Oil Corp. engages in the exploration, development, production, and exploitation of oil and natural gas in the Western Canada Sedimentary Basin in Canada. It owns and operates the Alberta Bakken oil pool in southern Alberta. The company was formerly known as DeeThree Exploration Ltd. and changed its name to Granite Oil Corp.
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