Greenfields Petroleum Corp (CVE:GNF) fell 60% during mid-day trading on Wednesday . The company traded as low as C$0.12 and last traded at C$0.12, 2,500 shares traded hands during mid-day trading. A decline of 55% from the average session volume of 5,607 shares. The stock had previously closed at C$0.30.

The company has a market capitalization of $7.01 million and a P/E ratio of -0.17. The company has a debt-to-equity ratio of 53.38, a quick ratio of 0.24 and a current ratio of 0.37. The business’s fifty day simple moving average is C$0.38 and its 200-day simple moving average is C$0.58.

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.

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