11,051 Shares in Greenfire Resources Ltd. (NYSE:GFR) Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new position in shares of Greenfire Resources Ltd. (NYSE:GFR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,051 shares of the company’s stock, valued at approximately $82,000.

A number of other hedge funds have also bought and sold shares of the company. NewGen Asset Management Ltd purchased a new position in shares of Greenfire Resources during the second quarter valued at approximately $878,000. BW Gestao de Investimentos Ltda. purchased a new position in Greenfire Resources during the 2nd quarter valued at $1,120,000. Perritt Capital Management Inc purchased a new position in Greenfire Resources during the 2nd quarter valued at $384,000. Renaissance Technologies LLC bought a new position in Greenfire Resources in the 2nd quarter valued at $491,000. Finally, K2 Principal Fund L.P. increased its stake in Greenfire Resources by 146.3% in the second quarter. K2 Principal Fund L.P. now owns 50,003 shares of the company’s stock worth $338,000 after purchasing an additional 29,700 shares during the period. Institutional investors own 88.89% of the company’s stock.

Greenfire Resources Stock Down 3.6 %

NYSE:GFR opened at $6.46 on Tuesday. The stock has a fifty day simple moving average of $7.26 and a 200-day simple moving average of $7.04. 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 company has a market cap of $448.78 million, a price-to-earnings ratio of 18.46 and a beta of 0.29. Greenfire Resources Ltd. has a twelve month low of $4.68 and a twelve month high of $8.16.

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.