Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Granite Ridge Resources Inc shares valued at $3,253 were purchased by Miller Matthew Reade on Jun 13 ’25. At $5.98 per share, Miller Matthew Reade acquired 544 shares. The insider’s holdings grew to 1,262,421 shares worth approximately $8.19 million following the completion of this transaction.
Also, Miller Matthew Reade purchased 17,000 shares, netting a total of over 101,660 in proceeds. Following the buying of shares at $5.98 each, the insider now holds 1,261,877 shares.
Before that, MCCARTNEY JOHN had added 2,000 shares to its account. In a trade valued at $11,780, the Director bought Granite Ridge Resources Inc shares for $5.89 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.43 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
On last trading session,, Granite Ridge Resources Inc [NYSE: GRNT] rose 2.20% to $6.49. The stock’s lowest price that day was $6.38, but it reached a high of $6.71 in the same session. During the last five days, there has been a surge of approximately 7.45%. Over the course of the year, Granite Ridge Resources Inc shares have jumped approximately 8.35%. 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.
Support And Resistance Levels for Granite Ridge Resources Inc (GRNT)
According to the 24-hour chart, there is a support level at 6.34, which, if violated, would cause prices to drop to 6.19. In the upper region, resistance lies at 6.68. The next price resistance is at 6.87. RSI (Relative Strength Index) is 72.91 on the 14-day chart, showing overbought technical sentiment.
Is Granite Ridge Resources Inc subject to short interest?
Stocks of Granite Ridge Resources Inc saw a sharp steep in short interest on 2025-05-30 dropping by -0.22 million shares to 3.17 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 3.39 million shares. A decline of -6.84% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 9.68 of the overall float, the days-to-cover ratio (short ratio) decline to 9.68.
