Granite Ridge Resources Inc’s recent filing unveils that its Chief Financial Officer Farquharson Tyler acquired Company’s shares for reported $31000.0 on Mar 15 ’24. In the deal valued at $6.20 per share,5,000 shares were bought. As a result of this transaction, Farquharson Tyler now holds 68,037 shares worth roughly $0.45 million.
Then, Brandenberg Luke C bought 5,000 shares, generating $31,000 in total proceeds. Upon buying the shares at $6.20, the President and CEO now owns 77,947 shares.
Before that, MCCARTNEY JOHN bought 2,000 shares. Granite Ridge Resources Inc shares valued at $12,380 were divested by the Director at a price of $6.19 per share. As a result of the transaction, MCCARTNEY JOHN now holds 42,839 shares, worth roughly $0.29 million.
BofA Securities initiated its Granite Ridge Resources Inc [GRNT] rating to a Buy in a research note published on November 07, 2023; the price target was $9. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in late September with a ‘”an Overweight”‘ rating.
Price Performance Review of GRNT
On Monday, Granite Ridge Resources Inc [NYSE:GRNT] saw its stock jump 3.26% to $6.66. Over the last five days, the stock has lost -0.45%. Granite Ridge Resources Inc shares have risen nearly 10.63% since the year began. Nevertheless, the stocks have risen 24.72% over the past one year. While a 52-week high of $8.14 was reached on 04/12/24, a 52-week low of $5.00 was recorded on 01/19/24. SMA at 50 days reached $6.41, while 200 days put it at $6.33. A total of 0.65 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For GRNT Stock
The 24-hour chart illustrates a support level at 6.53, which if violated will result in even more drops to 6.39. On the upside, there is a resistance level at 6.73. A further resistance level may holdings at 6.79. The Relative Strength Index (RSI) on the 14-day chart is 54.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.91%. Stochastics %K at 44.59% indicates the stock is a holding.
