Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) shares rose 5.2% on Friday . The company traded as high as $0.45 and last traded at $0.42. Approximately 17,120 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 33,027 shares. The stock had previously closed at $0.40.
Chesapeake Granite Wash Trust Stock Up 5.2 %
The company’s fifty day moving average price is $0.42 and its two-hundred day moving average price is $0.49. The company has a market cap of $19.68 million, a price-to-earnings ratio of 3.24 and a beta of 0.44.
Chesapeake Granite Wash Trust (OTCMKTS:CHKR – Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $1.25 million during the quarter. Chesapeake Granite Wash Trust had a return on equity of 41.19% and a net margin of 61.39%.
Chesapeake Granite Wash Trust Cuts Dividend
About Chesapeake Granite Wash Trust
Chesapeake Granite Wash Trust owns royalty interests in oil, natural gas liquids, and natural gas properties located in the Colony Granite Wash play in Washita County in the Anadarko Basin of Western Oklahoma. It has royalty interests in 69 producing wells and 118 development wells, and in approximately 26,400 net acres of area.
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