Louisbourg Investments Inc. Makes New Investment in Greenfire Resources Ltd. (NYSE:GFR)

Louisbourg Investments Inc. bought a new position in shares of Greenfire Resources Ltd. (NYSE:GFR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 253,479 shares of the company’s stock, valued at approximately $1,787,000. Louisbourg Investments Inc. owned 0.36% of Greenfire Resources as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GFR. JPMorgan Chase & Co. purchased a new stake in Greenfire Resources in the third quarter worth $29,000. The Manufacturers Life Insurance Company bought a new stake in shares of Greenfire Resources during the 3rd quarter valued at $82,000. Jane Street Group LLC bought a new stake in shares of Greenfire Resources during the 3rd quarter valued at $111,000. Walleye Capital LLC purchased a new stake in shares of Greenfire Resources in the 3rd quarter worth about $278,000. Finally, FMR LLC bought a new position in shares of Greenfire Resources in the 3rd quarter worth about $3,234,000. Institutional investors own 88.89% of the company’s stock.

Greenfire Resources Trading Up 1.6 %

NYSE:GFR opened at $6.57 on Wednesday. The firm has a market capitalization of $456.70 million, a P/E ratio of 18.78 and a beta of 0.28. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.67 and a quick ratio of 0.58. Greenfire Resources Ltd. has a one year low of $4.68 and a one year high of $8.16. The company’s 50-day simple moving average is $6.81 and its 200 day simple moving average is $7.06.

Greenfire Resources Company 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.