Luxor Capital Group LP boosted its position in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) by 45.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,836,592 shares of the company's stock after acquiring an additional 888,566 shares during the period. Greenfire Resources accounts for about 1.3% of Luxor Capital Group LP's investment portfolio, making the stock its 15th largest position. Luxor Capital Group LP owned about 4.08% of Greenfire Resources worth $21,133,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new position in Greenfire Resources in the 3rd quarter worth approximately $82,000. Jane Street Group LLC bought a new stake in Greenfire Resources in the 3rd quarter valued at $111,000. K2 Principal Fund L.P. lifted its stake in 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 purchasing an additional 29,700 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Greenfire Resources during the 3rd quarter valued at about $278,000. Finally, Perritt Capital Management Inc purchased a new position in shares of Greenfire Resources during the second quarter valued at about $384,000. Hedge funds and other institutional investors own 88.89% of the company's stock.
Greenfire Resources Price Performance
Greenfire Resources stock traded up $0.09 during midday trading on Monday, reaching $7.11. 109,248 shares of the stock traded hands, compared to its average volume of 74,193. 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 12 month low of $4.68 and a 12 month high of $8.16. The stock's fifty day moving average is $7.36 and its 200-day moving average is $7.00. The stock has a market cap of $493.93 million, a P/E ratio of 20.06 and a beta of 0.29.
Greenfire Resources Company Profile
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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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