Granite Ridge Resources (NYSE:GRNT) Hits New 12-Month Low at $5.00

Granite Ridge Resources, Inc. (NYSE:GRNT – Get Rating) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $5.00 and last traded at $5.12, with a volume of 3626 shares trading hands. The stock had previously closed at $5.05.

Granite Ridge Resources Price Performance

The business’s fifty day moving average price is $6.88.

Granite Ridge Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 8.46%. The ex-dividend date was Tuesday, February 28th.

Hedge Funds Weigh In On Granite Ridge Resources

A number of large investors have recently bought and sold shares of GRNT. Charles Schwab Investment Management Inc. acquired a new stake in shares of Granite Ridge Resources during the 4th quarter worth $684,000. Geode Capital Management LLC purchased a new stake in Granite Ridge Resources during the fourth quarter valued at about $953,000. Avalon Investment & Advisory acquired a new stake in Granite Ridge Resources during the fourth quarter worth about $141,000. Finally, Hamilton Lane Advisors LLC purchased a new position in shares of Granite Ridge Resources in the 4th quarter worth about $15,509,000.

About Granite Ridge Resources

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Grey Rock Energy Management, LLC manages private funds with interests in areas of the Midland, Delaware, Bakken, Eagle Ford, DJ, and Haynesville play. It invests in oil and gas exploration and production. The company was formerly known as Granite Ridge Resources, Inc The company is based in Dallas, Texas.