MMCAP International Inc. SPC Takes $1.15 Million Position in Greenfire Resources Ltd. $GFR

MMCAP International Inc. SPC purchased a new stake in Greenfire Resources Ltd. (NYSE:GFR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 249,200 shares of the company’s stock, valued at approximately $1,148,000. MMCAP International Inc. SPC owned 0.36% of Greenfire Resources as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Greenfire Resources during the 3rd quarter worth about $91,000. Royal Bank of Canada increased its position in shares of Greenfire Resources by 6,363.6% in the first quarter. Royal Bank of Canada now owns 56,750 shares of the company’s stock worth $333,000 after acquiring an additional 55,872 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Greenfire Resources during the second quarter valued at approximately $1,702,000. Louisbourg Investments Inc. raised its holdings in shares of Greenfire Resources by 10.3% during the third quarter. Louisbourg Investments Inc. now owns 533,379 shares of the company’s stock valued at $2,456,000 after acquiring an additional 50,000 shares during the period. Finally, BW Gestao de Investimentos Ltda. lifted its position in shares of Greenfire Resources by 95.8% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 3,296,823 shares of the company’s stock valued at $14,704,000 after acquiring an additional 1,613,198 shares in the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

Greenfire Resources Stock Down 0.8%

GFR stock opened at $6.09 on Monday. The company has a 50 day moving average of $5.14 and a two-hundred day moving average of $4.92. The company has a market cap of $423.07 million, a price-to-earnings ratio of 4.51 and a beta of 0.29. Greenfire Resources Ltd. has a 12-month low of $3.81 and a 12-month high of $6.59. The company has a quick ratio of 2.05, a current ratio of 2.27 and a debt-to-equity ratio of 0.36.

Analysts Set New Price Targets

GFR has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Greenfire Resources in a research report on Monday, December 29th. Wall Street Zen raised Greenfire Resources to a “hold” rating in a research report on Saturday, November 15th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

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. The company is headquartered in Calgary, Canada.