Greenfields Petroleum (CVE:GNF) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Greenfields Petroleum Co. (CVE:GNF)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.30 and traded as high as C$0.31. Greenfields Petroleum shares last traded at C$0.30, with a volume of 3,600 shares traded.

Greenfields Petroleum Stock Down 21.1 %

The company has a quick ratio of 0.09, a current ratio of 0.11 and a debt-to-equity ratio of 64.88. The company’s fifty day moving average price is C$0.30 and its 200-day moving average price is C$0.30. The stock has a market capitalization of C$651,600.00 and a PE 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.