Greenfields Petroleum (CVE:GNF) Shares Cross Below 50 Day Moving Average – Time to Sell?

Greenfields Petroleum Co. (CVE:GNFGet Free Report) shares passed below its 50 day moving average during trading on Thursday . 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.

Greenfields Petroleum Price Performance

The company’s fifty day simple moving average is C$0.30 and its 200-day simple moving average is C$0.30. The stock has a market cap of C$651,600.00 and a P/E ratio of -0.02. The company has a current ratio of 0.11, a quick ratio of 0.09 and a debt-to-equity ratio of 64.88.

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.

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