In a filing, Granite Ridge Resources Inc revealed its Director Everard Michele J acquired Company’s shares for reported $6620.0 on May 20 ’24. In the deal valued at $6.62 per share,1,000 shares were bought. As a result of this transaction, Everard Michele J now holds 35,839 shares worth roughly $0.24 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, MCCARTNEY JOHN bought 500 shares, generating $3,255 in total proceeds. Upon buying the shares at $6.51, the Director now owns 43,839 shares.
Before that, MCCARTNEY JOHN bought 500 shares. Granite Ridge Resources Inc shares valued at $3,315 were divested by the Director at a price of $6.63 per share. As a result of the transaction, MCCARTNEY JOHN now holds 43,339 shares, worth roughly $0.29 million.
ROTH MKM initiated its Granite Ridge Resources Inc [GRNT] rating to a Buy in a research note published on May 15, 2024; the price target was $8.80. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early November with a ‘”a Buy”‘ rating. Stephens began covering GRNT with “an Overweight” recommendation on September 27, 2023.
Price Performance Review of GRNT
On Tuesday, Granite Ridge Resources Inc [NYSE:GRNT] saw its stock fall -0.60% to $6.58. Over the last five days, the stock has gained 2.65%. Granite Ridge Resources Inc shares have risen nearly 9.30% since the year began. Nevertheless, the stocks have risen 23.92% over the past one year. While a 52-week high of $8.14 was reached on 04/12/24, a 52-week low of $5.20 was recorded on 01/19/24. SMA at 50 days reached $6.50, while 200 days put it at $6.29. A total of 0.35 million shares were traded, compared to the trading of 0.45 million shares in the previous session.
Levels Of Support And Resistance For GRNT Stock
The 24-hour chart illustrates a support level at 6.54, which if violated will result in even more drops to 6.50. On the upside, there is a resistance level at 6.63. A further resistance level may holdings at 6.69. The Relative Strength Index (RSI) on the 14-day chart is 52.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.27%. Stochastics %K at 67.88% indicates the stock is a holding.
