Greenfields Petroleum (CVE:GNF) Shares Pass Below 50 Day Moving Average – Should You Sell?

Shares of Greenfields Petroleum Co. (CVE:GNFGet Free Report) 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 Trading Down 21.1 %

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 firm has a 50-day moving average of C$0.30 and a 200-day moving average of C$0.30. The firm has a market capitalization of C$651,600.00 and a P/E ratio of -0.02.

About Greenfields Petroleum

(Get Free Report)

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.

Read More

Receive News & Ratings for Greenfields Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenfields Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.