Greenfields Petroleum (CVE:GNF) Shares Down 21.1% – Here’s Why

Greenfields Petroleum Co. (CVE:GNF)’s share price fell 21.1% during mid-day trading on Tuesday . The company traded as low as C$0.30 and last traded at C$0.30. 3,600 shares traded hands during trading, an increase of 9% from the average session volume of 3,308 shares. The stock had previously closed at C$0.38.

Greenfields Petroleum Stock Down 21.1%

The stock has a market cap of C$651,600.00 and a P/E 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 business has a 50-day simple moving average of C$0.30 and a 200-day simple moving average of C$0.30.

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