Granite Oil Corp (GXO) Director Bradley Blair Porter Acquires 8,400 Shares
Granite Oil Corp (TSE:GXO) Director Bradley Blair Porter purchased 8,400 shares of the stock in a transaction dated Friday, August 18th. The shares were acquired at an average cost of C$3.69 per share, for a total transaction of C$30,996.00.
Shares of Granite Oil Corp (GXO) traded down 0.54% on Friday, hitting $3.70. The stock had a trading volume of 39,441 shares. The company has a market cap of $126.42 million and a P/E ratio of 52.86. Granite Oil Corp has a 12 month low of $3.42 and a 12 month high of $6.99. The company’s 50 day moving average price is $4.50 and its 200-day moving average price is $5.11.
The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were issued a $0.035 dividend. The ex-dividend date was Thursday, July 27th. This represents a $0.42 annualized dividend and a dividend yield of 11.35%.
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A number of research analysts have recently issued reports on the company. Raymond James Financial, Inc. lowered their price target on Granite Oil Corp from C$8.75 to C$8.50 and set an “outperform” rating on the stock in a report on Thursday. National Bank Financial lowered their price target on 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. Finally, Royal Bank Of Canada lowered their price target on Granite Oil Corp from C$8.00 to C$6.00 in a report on Thursday, July 20th.
About Granite Oil Corp
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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