Goodrich Petroleum Corp. (GDP) Drops 13.53% on December 30

Equities Staff |

Goodrich Petroleum Corp. (GDP) was one of the Russell 2000's biggest losers for Wednesday December 30 as the stock slid 13.53% to $0.27, a loss of $-0.0419 per share. Starting at an opening price of $0.30 a share, the stock traded between $0.26 and $0.30 over the course of the trading day. Volume was 1.55 million shares over 1,470 trades, against an average daily volume of 1.08 million shares and a total float of 60.64 million.

The losses send Goodrich Petroleum Corp. down to a market cap of $16.24 million. In the last year, Goodrich Petroleum Corp. has traded between $4.90 and $0.20, and its 50-day SMA is currently $0.46 and 200-day SMA is $1.62.

Goodrich Petroleum Corp is an independent oil & natural gas company engaged in the exploration, development & production of oil & natural gas on properties in South Texas, Northwest Louisiana & East Texas & Southwest Mississippi & Southeast Louisiana.

Goodrich Petroleum Corp. is based out of Houston, TX and has some 105 employees. Its CEO is Walter G. Goodrich.

For a complete fundamental analysis analysis of Goodrich Petroleum Corp., check out Equities.com’s Stock Valuation Analysis report for GDP. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Beleave Inc.

Beleave Inc is a biotech company. The Company is engaged in the production of medical marijuana under the Marihuana for Medical Purposes Regulations outlined by Health Canada.

Private Markets

MyForce, Inc.

As parents, we constantly worry about the safety of our loved ones. The media bombards us with incidents from across the nation school shootings, frequent assaults on campuses, and crimes…

Dropbox, Inc.

Dropbox is a service that allows their users to bring all photos, docs, and videos anywhere, and share them easily. Any file saved to Dropbox will automatically save to all…