Goodrich Petroleum Corp. (GDP) is Trading Lower on Unusual Volume for January 07

Equities Staff |

Goodrich Petroleum Corp. (GDP) experienced unusually high volume on Jan. 07, as the stock lost 16.54% to a closing price of $0.22. The stock saw 2 million shares trade hands over the course of the day on 2,063 trades. Given that the stock’s average daily volume over the last month has been 1.25 million shares a day, this represents a pretty substantial spike over the norm.

Goodrich Petroleum Corp. has a P/B ratio of -0.7. The stock has traded between $4.71 and $0.20 over the last 52-weeks, its 50-day SMA is now $0.42, and its 200-day SMA $1.55.

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.

Headquartered in Houston, TX, Goodrich Petroleum Corp. has 105 employees and is currently under the leadership of CEO 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.

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

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