BlueFire Renewables (OTCMKTS:BFRE) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

BlueFire Renewables, Inc. (OTCMKTS:BFREGet Free Report)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $29.15 and traded as high as $29.63. BlueFire Renewables shares last traded at $29.63, with a volume of 5 shares.

BlueFire Renewables Stock Up 0.8%

The stock has a market capitalization of $2.37 million, a PE ratio of -2,925.55 and a beta of 0.93. The firm’s fifty day moving average is $29.15 and its 200-day moving average is $27.86.

BlueFire Renewables Company Profile

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BlueFire Renewables, Inc focuses on developing, owning, and operating carbohydrate-based transportation fuel plants or bio-refineries to produce ethanol in North America. Its bio-refineries would convert organic materials, such as agricultural residues, high-content biomass crops, wood residues, and cellulose from municipal solid wastes into ethanol.

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