Granite Oil (OTCMKTS:GXOCF) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Granite Oil Corp (OTCMKTS:GXOCF)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.69 and traded as low as $0.6840. Granite Oil shares last traded at $0.6922, with a volume of 49,600 shares traded.

Granite Oil Stock Down 1.1%

The business’s fifty day moving average price is $0.69 and its 200 day moving average price is $0.69.

Granite Oil Company Profile

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.