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

Greenfields Petroleum Co. (CVE:GNF)’s share price crossed above its 50 day moving average during trading on Thursday . 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 company 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 quick ratio of 0.09 and a current ratio of 0.11. The firm’s fifty day moving average is C$0.30 and its 200-day moving average is C$0.30.

Greenfields Petroleum Company Profile

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.