Greenfields Petroleum (CVE:GNF) Shares Pass Below 50 Day Moving Average – Time to Sell?

Greenfields Petroleum Co. (CVE:GNFGet Free Report)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.30 and traded as low as C$0.30. Greenfields Petroleum shares last traded at C$0.30, with a volume of 3,600 shares changing hands.

Greenfields Petroleum Price Performance

The firm has a 50 day moving average of C$0.30 and a 200-day moving average of C$0.30. The company has a market cap of C$651,600.00 and a P/E ratio of -0.02. The company has a current ratio of 0.11, a quick ratio of 0.09 and a debt-to-equity ratio of 64.88.

About Greenfields Petroleum

(Get Free Report)

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.

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