Greenfields Petroleum (CVE:GNF) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Greenfields Petroleum Co. (CVE:GNF) shares crossed above its 50-day moving average during trading on Tuesday . 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 trading hands.

Greenfields Petroleum Stock Performance

The business has a fifty 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 quick ratio of 0.09, a current ratio of 0.11 and a debt-to-equity ratio of 64.88.

About Greenfields Petroleum

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.