In a filing, Granite Ridge Resources Inc revealed its Director MCCARTNEY JOHN acquired Company’s shares for reported $11780.0 on Jun 03 ’25. In the deal valued at $5.89 per share,2,000 shares were bought. As a result of this transaction, MCCARTNEY JOHN now holds 66,117 shares worth roughly $0.4 million.
Then, Brandenberg Luke C bought 6,100 shares, generating $35,380 in total proceeds. Upon buying the shares at $5.80, the President and CEO now owns 157,267 shares.
Before that, MCCARTNEY JOHN bought 2,000 shares. Granite Ridge Resources Inc shares valued at $11,440 were divested by the Director at a price of $5.72 per share. As a result of the transaction, MCCARTNEY JOHN now holds 64,117 shares, worth roughly $0.38 million.
CapitalOne downgraded its Granite Ridge Resources Inc [GRNT] rating to an Equal weight from a an Overweight in a research note published recently. ROTH MKM began covering GRNT with “Buy” recommendation on May 15, 2024. BofA Securities started covering the stock on November 07, 2023. It rated GRNT as “a Buy”.
Price Performance Review of GRNT
On Friday, Granite Ridge Resources Inc [NYSE:GRNT] saw its stock jump 0.34% to $5.98. Over the last five days, the stock has gained 2.22%. Granite Ridge Resources Inc shares have fallen nearly -7.43% since the year began. Nevertheless, the stocks have fallen -5.68% over the past one year. While a 52-week high of $7.10 was reached on 01/10/25, a 52-week low of $4.52 was recorded on 04/07/25.
Levels Of Support And Resistance For GRNT Stock
The 24-hour chart illustrates a support level at 5.87, which if violated will result in even more drops to 5.77. On the upside, there is a resistance level at 6.12. A further resistance level may holdings at 6.26.
How much short interest is there in Granite Ridge Resources Inc?
A steep rise in short interest was recorded in Granite Ridge Resources Inc stocks on 2025-05-30, dropping by -0.22 million shares to a total of 3.17 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 3.39 million shares. There was a decline of -6.84%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 27, 2023 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $8 price target.
