Fmr LLC Buys Shares of 434,100 Greenfire Resources Ltd. (NYSE:GFR)

Fmr LLC bought a new stake in shares of Greenfire Resources Ltd. (NYSE:GFR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 434,100 shares of the company’s stock, valued at approximately $3,234,000.

Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new position in Greenfire Resources during the 3rd quarter valued at about $82,000. K2 Principal Fund L.P. increased its position in 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. Perritt Capital Management Inc purchased a new position in Greenfire Resources during the 2nd quarter valued at about $384,000. Renaissance Technologies LLC purchased a new position in Greenfire Resources during the 2nd quarter valued at about $491,000. Finally, NewGen Asset Management Ltd purchased a new position in Greenfire Resources during the 2nd quarter valued at about $878,000. Hedge funds and other institutional investors own 88.89% of the company’s stock.

Greenfire Resources Stock Down 0.9 %

Shares of Greenfire Resources stock opened at $6.70 on Friday. The firm’s 50 day moving average price is $7.29 and its 200-day moving average price is $7.02. 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 52-week low of $4.68 and a 52-week high of $8.16. The company has a market cap of $465.45 million, a P/E ratio of 19.14 and a beta of 0.29.

Greenfire Resources Profile

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.