Greenfields Petroleum (CVE:GNF) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

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.

Greenfields Petroleum Stock Down 21.1%

The stock has a market cap of C$651,600.00 and a price-to-earnings ratio of -0.02. 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 stock has a fifty day moving average of C$0.30 and a two-hundred day moving average of C$0.30.

About Greenfields Petroleum

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. The company was founded in 2007 and is headquartered in The Woodlands, Texas.