Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $0.37 and traded as high as $0.3799. Chesapeake Granite Wash Trust shares last traded at $0.3799, with a volume of 23,739 shares trading hands.
Chesapeake Granite Wash Trust Price Performance
The firm has a market cap of $17.76 million, a P/E ratio of 5.43 and a beta of 0.23. The stock’s 50 day moving average is $0.37 and its two-hundred day moving average is $0.38.
Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) last announced its quarterly earnings results on Thursday, November 12th. The company reported $0.03 EPS for the quarter. Chesapeake Granite Wash Trust had a net margin of 58.92% and a return on equity of 30.64%.
Chesapeake Granite Wash Trust Company Profile
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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