Granite Oil (OTCMKTS:GXOCF) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Granite Oil Corp (OTCMKTS:GXOCFGet Free Report)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.69 and traded as high as $0.71. Granite Oil shares last traded at $0.69, with a volume of 49,600 shares.

Granite Oil Price Performance

The company has a fifty day simple moving average of $0.69 and a 200-day simple moving average of $0.69.

About Granite Oil

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Granite Oil Corp. engages in the exploration for, exploitation, development, and production of oil and natural gas in Canada. The company holds a 98% working interest in the Alberta Bakken properties covering 56,409 net undeveloped acres and 72,652 net developed acres with 68.0 net oil wells and 83.0 net gas wells located in southern Alberta.

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