Granite Ridge Resources' low P/E ratio is due to predicted s...
Granite Ridge Resources' low P/E ratio is due to predicted sliding earnings. Shareholders accept this as they don't foresee any pleasant surprises in future earnings. The share price is unlikely to rise significantly soon. The P/E could fall further if profitability doesn't improve.
Granite Ridge Resources, Inc.'s (NYSE:GRNT) Share Price Is Matching Sentiment Around Its Earnings
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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