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Unsteady Performance of Granite Ridge Resources Inc Shares in August
Shares of Granite Ridge Resources Inc (GRNT:NYQ) experienced fluctuations on Wall Street during the month of August. The lowest recorded share price was $7.03, while the highest reached $8.01, indicating an unsteady performance for the company.
Employment Snapshot
As of August 29th, Granite Ridge Resources Inc employed two individuals. Despite the challenges posed by the COVID-19 pandemic, the company has managed to maintain its workforce.
Strength of the US Stock Market in 2021
Despite the tumultuous year, the US stock market demonstrated overall strength in 2021. Tony Despirito, an investment expert at BlackRock, highlighted that companies surpassed analyst expectations in terms of both earnings per share and revenue growth, with revenue growth being particularly robust.
Challenges Faced in 2022
Unfortunately, 2022 proved to be a devastating year for the US stock market. "This was an absolutely shocking year with no place to hide," said Aoifinn Devitt, Moneta's chief investment officer. Rate hikes to mitigate the effects of inflation, as well as global issues related to war and the pandemic, were blamed for the downturn in the US stock market and economy.
It is important to note that the information provided in this article should not be considered as financial advice. Shares are considered unsteady when they change more than 3% both up and down within a given time frame. Individual companies can have different types of shares listed across multiple stock markets, and different types of shares may yield different results in the market.
In August, the share price of Granite Ridge Resources Inc stocks varied as follows:
- Aug. 29: $7.9
- Aug. 25: $8.01
- Aug. 23: $7.99
- Aug. 21: $7.8
- Aug. 18: $7.85
- Aug. 17: $7.76
- Aug. 15: $7.49
- Aug. 11: $7.97
- Aug. 9: $7.24
- Aug. 7: $7.1
- Aug. 4: $7.03
- Aug. 2: $7.44
