BAKU, Azerbaijan, Dec.4
By Leman Zeynalova – Trend:
Shares of the US-based Greenfields Petroleum Corporation reached a new 52-week low on Dec.3, Trend reports citing the company.
The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 2397 shares trading hands. The stock had previously closed at C$0.06.
The stock has a market capitalization of $1.17 million and a price-to-earnings ratio of -0.07. The stock has a 50-day moving average of C$0.18 and a 200 day moving average of C$0.43. The company has a debt-to-equity ratio of 53.38, a current ratio of 0.37 and a quick ratio of 0.24.
Greenfields Petroleum Corporation is a junior oil and natural gas company focused on the development and production of proven oil and gas reserves principally in Azerbaijan.
Through its wholly owned subsidiary Bahar Energy Limited (BEL), the corporation owns an 80 percent interest in the Exploration, Rehabilitation, Development and Production Sharing Agreement (the “ERDPSA”) with the State Oil Company of Azerbaijan ("SOCAR") and its affiliate SOCAR Oil Affiliate (“SOA”) in respect of the offshore block known as Bahar Gum Deniz (the “Bahar Project”) which includes the Bahar Gas Field and the Gum Deniz Oil Field.
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