Shares of Greenfire Resources Ltd. (NYSE:GFR - Get Free Report) saw unusually-high trading volume on Monday . Approximately 142,010 shares changed hands during trading, an increase of 107% from the previous session's volume of 68,629 shares.The stock last traded at $7.22 and had previously closed at $7.02.
Greenfire Resources Price Performance
The stock has a 50-day simple moving average of $7.32 and a 200-day simple moving average of $6.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.72.
Greenfire Resources (NYSE:GFR - Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported $0.31 earnings per share for the quarter. The business had revenue of $160.39 million during the quarter.
Institutional Investors Weigh In On Greenfire Resources
Several institutional investors have recently made changes to their positions in the stock. K2 Principal Fund L.P. raised its stake in shares of Greenfire Resources by 146.3% during the 2nd quarter. K2 Principal Fund L.P. now owns 50,003 shares of the company's stock valued at $338,000 after purchasing an additional 29,700 shares during the period. Sona Asset Management US LLC lifted its holdings in shares of Greenfire Resources by 1.1% in the first quarter. Sona Asset Management US LLC now owns 5,019,641 shares of the company's stock worth $29,992,000 after buying an additional 53,539 shares in the last quarter. Perritt Capital Management Inc bought a new position in shares of Greenfire Resources in the second quarter valued at approximately $384,000. Renaissance Technologies LLC purchased a new position in Greenfire Resources during the second quarter valued at approximately $491,000. Finally, NewGen Asset Management Ltd purchased a new position in Greenfire Resources during the second quarter valued at approximately $878,000. Hedge funds and other institutional investors own 88.89% of the company's stock.
About Greenfire Resources
(
Get 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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