FMR LLC bought a new stake in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 434,100 shares of the company's stock, valued at approximately $3,234,000. FMR LLC owned 0.62% of Greenfire Resources as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company bought a new stake in shares of Greenfire Resources in the 3rd quarter worth approximately $82,000. K2 Principal Fund L.P. lifted its position in shares of Greenfire Resources by 146.3% in the 2nd quarter. K2 Principal Fund L.P. now owns 50,003 shares of the company's stock worth $338,000 after acquiring an additional 29,700 shares during the period. Perritt Capital Management Inc bought a new stake in shares of Greenfire Resources in the 2nd quarter worth approximately $384,000. Renaissance Technologies LLC bought a new stake in shares of Greenfire Resources in the 2nd quarter worth approximately $491,000. Finally, NewGen Asset Management Ltd bought a new stake in shares of Greenfire Resources in the 2nd quarter worth approximately $878,000. Institutional investors own 88.89% of the company's stock.
Greenfire Resources Stock Performance
Shares of GFR stock traded down $0.06 during mid-day trading on Friday, reaching $6.70. The stock had a trading volume of 85,215 shares, compared to its average volume of 74,359. The firm's 50 day simple moving average is $7.29 and its 200 day simple moving average is $7.03. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 0.30. Greenfire Resources Ltd. has a one year low of $4.68 and a one year high of $8.16. The firm has a market cap of $465.45 million, a PE ratio of 19.14 and a beta of 0.29.
About Greenfire Resources
(
Free Report)
Greenfire Resources Ltd., together with its subsidiaries, engages in the development, exploration, and operation of oil and gas properties in the Athabasca oil sands region of Alberta. The company operates the Tier-1 oil sands assets located in Western Canada. It utilizes steam-assisted gravity drainage (SAGD) extraction technology, a situ thermal oil recovery process to recover diluted and non- diluted bitumen.
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