Greenfields Petroleum (CVE:GNF) Stock Crosses Above 50 Day Moving Average – Here’s Why

by · The Cerbat Gem

Greenfields Petroleum Co. (CVE:GNF – Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 trading hands.

Greenfields Petroleum Price Performance

The company has a debt-to-equity ratio of 64.88, a current ratio of 0.11 and a quick ratio of 0.09. The company’s 50 day moving average is C$0.30 and its 200 day moving average is C$0.30. The stock has a market cap of C$651,600.00 and a price-to-earnings ratio of -0.02.

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.

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