Cantor Fitzgerald L. P. Purchases Shares of 83,541 Greenfire Resources Ltd. (NYSE:GFR)

Cantor Fitzgerald L. P. purchased a new stake in shares of Greenfire Resources Ltd. (NYSE:GFR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 83,541 shares of the company’s stock, valued at approximately $406,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GFR. Brigade Capital Management LP increased its stake in shares of Greenfire Resources by 13.5% in the fourth quarter. Brigade Capital Management LP now owns 5,875,560 shares of the company’s stock worth $28,555,000 after acquiring an additional 699,520 shares during the period. K2 Principal Fund L.P. acquired a new stake in shares of Greenfire Resources in the third quarter worth $226,000. Finally, Scotia Capital Inc. acquired a new stake in shares of Greenfire Resources in the fourth quarter worth $222,000. Institutional investors and hedge funds own 88.89% of the company’s stock.

Greenfire Resources Stock Performance

NYSE:GFR opened at $5.81 on Thursday. Greenfire Resources Ltd. has a 1-year low of $4.68 and a 1-year high of $9.90. The company’s fifty day moving average price is $6.01 and its 200-day moving average price is $5.69. The company has a current ratio of 0.76, a quick ratio of 0.70 and a debt-to-equity ratio of 0.49.

Greenfire Resources (NYSE:GFR) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.51) EPS for the quarter. The company had revenue of $149.09 million for the quarter.

Greenfire Resources Company Profile

Greenfire Resources Ltd., together with its subsidiaries, engages in the development, exploration, and operation of oil and gas properties in the Athabasca oil sands region of Alberta. The company operates the Tier-1 oil sands assets located in Western Canada. It utilizes steam-assisted gravity drainage (SAGD) extraction technology, a situ thermal oil recovery process to recover diluted and non- diluted bitumen.