Granite Ridge Resources Stock Rises 2.5%

Shares of the oil and gas exploration company saw a midday trading increase.

Published on Feb. 24, 2026

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Shares of Granite Ridge Resources, Inc. (NYSE:GRNT) rose 2.5% during trading on Wednesday, reaching a high of $5.13 before closing at $5.12. Trading volume was up 17% from the average daily volume. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41, and a quick ratio of 1.41.

Why it matters

Granite Ridge Resources is a non-operated oil and gas exploration and production company with a portfolio of wells and acreage across the Permian and other unconventional basins in the U.S. The stock's midday trading increase suggests investor optimism about the company's performance and outlook.

The details

The stock's trading increase came amid a broader market rally, with the company's shares trading as high as $5.13 during the session. Granite Ridge Resources has a 50-day moving average of $4.76 and a 200-day moving average of $5.13, with a market cap of $671.34 million.

  • Granite Ridge Resources stock traded up 2.5% on Wednesday, February 19, 2026.

The players

Granite Ridge Resources, Inc.

A non-operated oil and gas exploration and production company with a portfolio of wells and acreage across the Permian and other unconventional basins in the United States.

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The takeaway

The midday trading increase in Granite Ridge Resources' stock suggests investor optimism about the company's performance and outlook in the oil and gas exploration and production industry.