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

Greenfields Petroleum Co. (CVE:GNF) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-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 trading hands.

Greenfields Petroleum Price Performance

The company has a quick ratio of 0.09, a current ratio of 0.11 and a debt-to-equity ratio of 64.88. The business’s 50-day simple moving average is C$0.30 and its 200 day simple moving average is C$0.30. The firm has a market capitalization of C$651,600.00 and a P/E ratio of -0.02.

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.