BlueFire Renewables (OTCMKTS:BFRE) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Shares of BlueFire Renewables, Inc. (OTCMKTS:BFRE) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $29.71 and traded as high as $30.36. BlueFire Renewables shares last traded at $30.36, with a volume of 17 shares trading hands.

BlueFire Renewables Trading Up 1.1%

The business’s 50 day simple moving average is $29.72 and its 200 day simple moving average is $28.85. The firm has a market capitalization of $2.41 million, a PE ratio of -2,976.90 and a beta of 0.93.

About BlueFire Renewables

BlueFire Renewables, Inc is a renewable energy company focused on developing, building and operating cellulosic ethanol production facilities. Headquartered in Irvine, California, the company leverages its proprietary ARCTECH™ process to convert lignin-rich feedstocks—such as urban wood waste, agricultural residues and other non‐food biomass—into low‐carbon renewable fuels. BlueFire’s core mission is to advance commercially viable biofuel projects that reduce greenhouse gas emissions and support sustainable waste management.

The company’s technology platform centers on dilute acid pretreatment and enzymatic hydrolysis, followed by fermentation and distillation to produce fuel-grade ethanol.