Granite Oil Corp (TSE:GXO) was up 1% on Thursday . The stock traded as high as C$3.10 and last traded at C$3.03. Approximately 191,063 shares traded hands during mid-day trading, an increase of 88% from the average daily volume of 101,737 shares. The stock had previously closed at C$3.00.

Several equities research analysts recently weighed in on GXO shares. National Bank Financial reduced their price target on shares of Granite Oil Corp from C$3.00 to C$2.75 and set a “sector perform” rating on the stock in a research report on Monday, November 13th. Royal Bank Of Canada reduced their price target on shares of Granite Oil Corp from C$6.00 to C$5.00 and set an “outperform” rating on the stock in a research report on Monday, November 13th. TD Securities reduced their price target on shares of Granite Oil Corp from C$5.50 to C$4.50 in a research report on Monday, November 13th. Finally, Raymond James Financial, Inc. cut their price objective on shares of Granite Oil Corp from C$8.75 to C$8.50 and set an “outperform” rating on the stock in a research report on Thursday, August 17th.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/11/25/granite-oil-corp-gxo-trading-up-1.html.

Granite Oil Corp Company Profile

Granite Oil Corp. engages in the exploration, development, production, and exploitation of oil and natural gas in the Western Canada Sedimentary Basin in Canada. It owns and operates the Alberta Bakken oil pool in southern Alberta. The company was formerly known as DeeThree Exploration Ltd. and changed its name to Granite Oil Corp.

Receive News & Ratings for Granite Oil Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Oil Corp and related companies with MarketBeat.com's FREE daily email newsletter.