Greenfields Petroleum (CVE:GNF) Hits New 12-Month Low at $0.04

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Greenfields Petroleum Corp (CVE:GNF) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 23955 shares changing hands. The stock had previously closed at C$0.05.

The company’s 50-day moving average price is C$0.13 and its 200-day moving average price is C$0.40. The firm has a market cap of $1.17 million and a price-to-earnings ratio of -0.05. The company has a quick ratio of 0.20, a current ratio of 0.33 and a debt-to-equity ratio of 56.61.

About Greenfields Petroleum (CVE:GNF)

Greenfields Petroleum Corporation, a junior 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, the Gum Deniz oil field, and the Bahar Exploration area covering 76,500 acres of producing oil field and a gas field located in the shallow waters of the Caspian Sea.

Further Reading: Trade Deficit

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