Goodrich Petroleum Corp. (GDP) Jumps 26.92% on December 25

Equities Staff |

Goodrich Petroleum Corp. (GDP) was among the biggest gainers on the Russell 2000 for Friday December 25 as the stock popped 26.92% to $0.33, representing a gain of $0.07 per share. Some 2.13 million shares traded hands on 4,754 trades, compared with an average daily volume of 1.08 million shares out of a total float of 60.64 million. The stock opened at $0.27 and traded with an intraday range of $0.37 to $0.27.

After today's gains, Goodrich Petroleum Corp. reached a market cap of $20.01 million. Goodrich Petroleum Corp. has had a trading range between $5.18 and $0.20 over the last year, and it had a 50-day SMA of $0.47 and a 200-day SMA of $1.64.

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.

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