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

Shares of Greenfields Petroleum Co. (CVE:GNF) crossed below its 50-day moving average during trading on Monday . 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 Trading Down 21.1 %

The company has a 50-day simple moving average of C$0.30 and a 200-day simple moving average of 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 stock has a market cap 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.