Greenfields Petroleum (CVE:GNF) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

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

Greenfields Petroleum Price Performance

The company has a current ratio of 0.11, a quick ratio of 0.09 and a debt-to-equity ratio of 64.88. The firm has a market cap of C$651,600.00 and a P/E ratio of -0.02. The business has a 50-day moving average of C$0.30 and a two-hundred day moving average of C$0.30.

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.