Hillsdale Investment Management Inc. Makes New Investment in Greenfire Resources Ltd. (NYSE:GFR)

Hillsdale Investment Management Inc. purchased a new position in shares of Greenfire Resources Ltd. (NYSE:GFR) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 163,907 shares of the company’s stock, valued at approximately $1,155,000.

Several other hedge funds have also made changes to their positions in GFR. JPMorgan Chase & Co. purchased a new stake in Greenfire Resources in the third quarter valued at approximately $29,000. Northwest & Ethical Investments L.P. acquired a new position in shares of Greenfire Resources in the 4th quarter valued at $45,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Greenfire Resources during the 3rd quarter valued at $82,000. Jane Street Group LLC acquired a new stake in shares of Greenfire Resources during the 3rd quarter worth $111,000. Finally, Walleye Capital LLC purchased a new position in shares of Greenfire Resources in the 3rd quarter worth $278,000. Institutional investors and hedge funds own 88.89% of the company’s stock.

Greenfire Resources Price Performance

Shares of Greenfire Resources stock opened at $5.21 on Monday. The business’s fifty day moving average price is $6.16 and its 200 day moving average price is $6.82. Greenfire Resources Ltd. has a twelve month low of $4.82 and a twelve month high of $8.16. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $361.58 million, a P/E ratio of 14.87 and a beta of 0.29.

Greenfire Resources (NYSE:GFR) last released its quarterly earnings data on Monday, March 17th. The company reported $0.78 earnings per share for the quarter. The business had revenue of $149.31 million for the quarter. Greenfire Resources had a return on equity of 5.40% and a net margin of 5.02%.

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.