Greenfields Petroleum (CVE:GNF) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Greenfields Petroleum Co. (CVE:GNFGet Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.30 and traded as high as C$0.31. Greenfields Petroleum shares last traded at C$0.30, with a volume of 3,600 shares changing hands.

Greenfields Petroleum Stock Down 21.1 %

The firm has a market capitalization of C$651,600.00 and a PE ratio of -0.02. The stock has a 50-day simple moving average of C$0.30 and a 200-day simple moving average of C$0.30. The company has a quick ratio of 0.09, a current ratio of 0.11 and a debt-to-equity ratio of 64.88.

Greenfields Petroleum Company Profile

(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.

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