Greenfields Petroleum (CVE:GNF) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Greenfields Petroleum Co. (CVE:GNF)’s stock price crossed 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 changing hands.

Greenfields Petroleum Stock Down 21.1%

The firm’s 50-day simple moving average is C$0.30 and its 200-day simple moving average is C$0.30. The company has a debt-to-equity ratio of 64.88, a quick ratio of 0.09 and a current ratio of 0.11. The company has a market capitalization of C$651,600.00 and a price-to-earnings 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. The company was founded in 2007 and is headquartered in The Woodlands, Texas.