Reported about 14 hours ago
Granite Ridge Resources, Inc. (GRNT) is highlighted as a promising penny stock within the oil and gas sector, according to a recent evaluation of stocks under $5. The company has adapted its strategy to increase capital in operated partnerships, leading to significant production growth and profitability. With a focus on maintaining capital discipline and exploring high-return projects, GRNT produced a record output of 27,000 BOE/d and aims for further expansion in 2025. Despite the volatile market conditions affecting the sector, GRNT stands out for its potential growth, offering both a strong dividend yield and stability, positioning it as the 11th best penny stock in the current oil and gas landscape.
Source: YAHOO