Granite Oil (OTCMKTS:GXOCF) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Granite Oil Corp (OTCMKTS:GXOCF – Get Free Report) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.69 and traded as high as $0.71. Granite Oil shares last traded at $0.6922, with a volume of 49,600 shares.

Granite Oil Stock Performance

The firm’s 50-day moving average is $0.69 and its 200 day moving average is $0.69.

Granite Oil Company Profile

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Granite Oil Corporation (OTCMKTS:GXOCF) is an independent exploration and production company headquartered in Calgary, Alberta. The company focuses on the acquisition, development and optimization of conventional oil properties across North America. Granite Oil’s strategy emphasizes steady cash flow from established fields while targeting selective exploration opportunities to extend reserve life and support sustainable growth.

Granite Oil’s asset portfolio is concentrated in key areas of the Williston Basin, with significant working interests in mature oil fields in eastern Montana and southwestern Saskatchewan.

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