Louisbourg Investments Inc. Sells 185,364 Shares of Greenfire Resources Ltd. $GFR

Louisbourg Investments Inc. lowered its stake in Greenfire Resources Ltd. (NYSE:GFR) by 31.0% in the first quarter, HoldingsChannel.com reports. The firm owned 411,980 shares of the company’s stock after selling 185,364 shares during the quarter. Louisbourg Investments Inc.’s holdings in Greenfire Resources were worth $2,613,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Deltroit Asset Management UK LLP acquired a new position in Greenfire Resources during the 4th quarter worth $48,000. Raffles Associates LP bought a new position in Greenfire Resources in the 4th quarter valued at $50,000. WINTON GROUP Ltd acquired a new stake in shares of Greenfire Resources in the 4th quarter valued at $64,000. Jane Street Group LLC acquired a new stake in shares of Greenfire Resources in the 4th quarter valued at $74,000. Finally, Avise Financial Cooperative Inc. bought a new stake in shares of Greenfire Resources during the fourth quarter worth $160,000. Institutional investors own 88.89% of the company’s stock.

Greenfire Resources Stock Down 0.2%

NYSE:GFR opened at $5.64 on Friday. Greenfire Resources Ltd. has a 1 year low of $4.10 and a 1 year high of $7.02. The company has a current ratio of 0.66, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. The stock has a market cap of $707.31 million, a price-to-earnings ratio of -62.66 and a beta of 0.20. The stock has a 50-day moving average price of $5.90 and a two-hundred day moving average price of $5.68.

Analyst Ratings Changes

GFR has been the topic of several research reports. TD Securities initiated coverage on Greenfire Resources in a research note on Tuesday, June 16th. They set a “buy” rating on the stock. Weiss Ratings lowered Greenfire Resources from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Greenfire Resources presently has a consensus rating of “Hold”.

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. The company is headquartered in Calgary, Canada.