BlueFire Renewables (OTCMKTS:BFRE) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

BlueFire Renewables, Inc. (OTCMKTS:BFREGet Free Report)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $28.98 and traded as high as $29.66. BlueFire Renewables shares last traded at $29.66, with a volume of 103 shares traded.

BlueFire Renewables Stock Performance

The stock has a market cap of $2.37 million, a P/E ratio of -2,928.52 and a beta of 0.93. The business’s 50-day moving average price is $28.98 and its 200-day moving average price is $27.54.

About BlueFire Renewables

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BlueFire Renewables, Inc focuses on developing, owning, and operating carbohydrate-based transportation fuel plants or bio-refineries to produce ethanol in North America. Its bio-refineries would convert organic materials, such as agricultural residues, high-content biomass crops, wood residues, and cellulose from municipal solid wastes into ethanol.

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