FNY Investment Advisers LLC Sells 10,000 Shares of Greenfire Resources Ltd. (NYSE:GFR)

FNY Investment Advisers LLC decreased its holdings in shares of Greenfire Resources Ltd. (NYSE:GFR) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the company’s stock after selling 10,000 shares during the quarter. FNY Investment Advisers LLC’s holdings in Greenfire Resources were worth $70,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GFR. JPMorgan Chase & Co. bought a new stake in shares of Greenfire Resources in the third quarter valued at approximately $29,000. The Manufacturers Life Insurance Company bought a new stake in Greenfire Resources in the 3rd quarter valued at $82,000. Jane Street Group LLC acquired a new stake in Greenfire Resources in the 3rd quarter worth $111,000. Walleye Capital LLC bought a new position in shares of Greenfire Resources during the 3rd quarter worth about $278,000. Finally, K2 Principal Fund L.P. raised its position in shares of Greenfire Resources by 146.3% during the second quarter. K2 Principal Fund L.P. now owns 50,003 shares of the company’s stock valued at $338,000 after buying an additional 29,700 shares during the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.

Greenfire Resources Stock Up 1.1 %

GFR stock opened at $7.28 on Thursday. Greenfire Resources Ltd. has a twelve month low of $4.68 and a twelve month high of $8.16. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 0.30. The company has a market cap of $505.73 million, a PE ratio of 20.80 and a beta of 0.30. The business’s 50-day simple moving average is $7.06 and its 200 day simple moving average is $7.16.

About Greenfire Resources

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.