Greenfields Petroleum (CVE:GNF) Shares Down 21.1% – Time to Sell?

Shares of Greenfields Petroleum Co. (CVE:GNF) dropped 21.1% on Monday . The stock traded as low as C$0.30 and last traded at C$0.30. Approximately 3,600 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 3,308 shares. The stock had previously closed at C$0.38.

Greenfields Petroleum Stock Performance

The firm has a market capitalization of C$651,600.00 and a PE ratio of -0.02. The company has a debt-to-equity ratio of 64.88, a quick ratio of 0.09 and a current ratio of 0.11. The business’s fifty day simple moving average is C$0.30 and its 200-day simple moving average is C$0.30.

Greenfields Petroleum Company Profile

Greenfields Petroleum Corporation, an oil and natural gas company, focuses on the development and production of proven oil and gas reserves primarily in the Republic of Azerbaijan. It holds interests in the Bahar project, which consists of the Bahar gas field, Gum Deniz oil field, and exploration area covering an area of approximately 76,500 acres of producing oil field and a gas field located in the shallow waters of the Caspian Sea. The company was founded in 2007 and is headquartered in The Woodlands, Texas.