The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Granite Ridge Resources Inc shares valued at $3,243 were purchased by Miller Matthew Reade on Mar 14 ’25. At $5.77 per share, Miller Matthew Reade acquired 562 shares. The insider’s holdings grew to 1,241,793 shares worth approximately $6.44 million following the completion of this transaction.
Also, Miller Matthew Reade purchased 506 shares, netting a total of over 3,051 in proceeds. Following the buying of shares at $6.03 each, the insider now holds 1,229,953 shares.
Before that, Brandenberg Luke C had added 8,495 shares to its account. In a trade valued at $51,820, the President and CEO bought Granite Ridge Resources Inc shares for $6.10 each. Upon closing the transaction, the insider’s holdings increased to 8,495 shares, worth approximately $0.57 million.
As published in a research note from CapitalOne on February 21, 2025, Granite Ridge Resources Inc [GRNT] has been rated down from an Overweight to an Equal weight. As of May 15, 2024, ROTH MKM has initiated its “Buy” rating for GRNT. Earlier on November 07, 2023, BofA Securities initiated its rating. Their recommendation was “a Buy” for GRNT stock.
Analyzing GRNT Stock Performance
During the last five days, there has been a drop of approximately -15.61%. Over the course of the year, Granite Ridge Resources Inc shares have dropped approximately -19.66%. Shares of the company reached a 52-week high of $7.00 on 01/10/25 and a 52-week low of $4.52 on 04/07/25. A 50-day SMA is recorded $5.91, while a 200-day SMA reached $6.23.
Support And Resistance Levels for Granite Ridge Resources Inc (GRNT)
According to the 24-hour chart, there is a support level at 4.76, which, if violated, would cause prices to drop to 4.34. In the upper region, resistance lies at 5.43. The next price resistance is at 5.66. RSI (Relative Strength Index) is 37.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 61.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
