Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $0.38 and traded as low as $0.3650. Chesapeake Granite Wash Trust shares last traded at $0.3750, with a volume of 15,068 shares traded.
Chesapeake Granite Wash Trust Stock Down 3.3%
The business has a 50-day moving average price of $0.37 and a two-hundred day moving average price of $0.38. The firm has a market cap of $17.53 million, a PE ratio of 5.36 and a beta of 0.23.
Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter. Chesapeake Granite Wash Trust had a return on equity of 30.64% and a net margin of 58.92%.
About Chesapeake Granite Wash Trust
Chesapeake Granite Wash Trust is a statutory royalty trust formed in 2011 to hold interests in oil and natural gas properties in the Granite Wash formation of western Oklahoma. Its properties are located primarily in the Anadarko Basin, including portions of Washita, Custer and Roger Mills counties.
The trust does not operate wells, explore for new reserves or provide energy services. Instead, it receives royalty payments tied to production from the underlying properties, which have included oil, natural gas and natural gas liquids.
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