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

Greenfields Petroleum Co. (CVE:GNF) shares traded down 21.1% during mid-day trading on Thursday . The company traded as low as C$0.30 and last traded at C$0.30. 3,600 shares were traded 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 Performance

The company has a market capitalization of C$651,600.00 and a price-to-earnings 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 stock has a 50 day moving average of C$0.30 and a 200 day 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.