Greenfields Petroleum (CVE:GNF) Stock Crosses Below 50 Day Moving Average – What’s Next?

Shares of Greenfields Petroleum Co. (CVE:GNF – Get Free Report) passed below its fifty day moving average during trading on Thursday. The stock has a fifty 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 traded.

Greenfields Petroleum Stock Performance

The firm has a market capitalization of C$651,600.00 and a P/E ratio of -0.02. 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 firm has a 50-day moving average price of C$0.30 and a two-hundred day moving average price of C$0.30.

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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