Louisbourg Investments Inc. Sells 185,364 Shares of Greenfire Resources Ltd. $GFR

Louisbourg Investments Inc. decreased its position in Greenfire Resources Ltd. (NYSE:GFR) by 31.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 411,980 shares of the company’s stock after selling 185,364 shares during the period. Louisbourg Investments Inc. owned about 0.33% of Greenfire Resources worth $2,613,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GFR. Deltroit Asset Management UK LLP acquired a new stake in shares of Greenfire Resources during the 4th quarter worth approximately $48,000. Raffles Associates LP acquired a new position in shares of Greenfire Resources in the fourth quarter valued at $50,000. WINTON GROUP Ltd acquired a new position in shares of Greenfire Resources in the fourth quarter valued at $64,000. Jane Street Group LLC bought a new position in Greenfire Resources in the fourth quarter worth $74,000. Finally, Avise Financial Cooperative Inc. bought a new position in Greenfire Resources in the fourth quarter worth $160,000. Institutional investors own 88.89% of the company’s stock.

Greenfire Resources Stock Performance

Shares of NYSE:GFR opened at $5.64 on Friday. Greenfire Resources Ltd. has a twelve month low of $4.10 and a twelve month high of $7.02. The firm has a market cap of $707.31 million, a PE ratio of -62.66 and a beta of 0.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.66. The business has a fifty day moving average of $5.90 and a 200-day moving average of $5.68.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of Greenfire Resources from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 18th. TD Securities assumed coverage on shares of Greenfire Resources in a research report on Tuesday, June 16th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Greenfire Resources has an average rating of “Hold”.

Greenfire Resources Company Profile

Greenfire Resources Ltd., together with its subsidiaries, engages in the development, exploration, and operation of oil and gas properties in the Athabasca oil sands region of Alberta. The company operates the Tier-1 oil sands assets located in Western Canada. It utilizes steam-assisted gravity drainage (SAGD) extraction technology, a situ thermal oil recovery process to recover diluted and non- diluted bitumen. The company is headquartered in Calgary, Canada.