Louisbourg Investments Inc. Makes New $1.79 Million Investment in Greenfire Resources Ltd. (NYSE:GFR)

Louisbourg Investments Inc. purchased a new position in Greenfire Resources Ltd. (NYSE:GFR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 253,479 shares of the company’s stock, valued at approximately $1,787,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Luxor Capital Group LP raised its position in Greenfire Resources by 45.6% in the 3rd quarter. Luxor Capital Group LP now owns 2,836,592 shares of the company’s stock worth $21,133,000 after buying an additional 888,566 shares during the last quarter. FMR LLC purchased a new stake in shares of Greenfire Resources during the 3rd quarter valued at about $3,234,000. Jane Street Group LLC bought a new stake in shares of Greenfire Resources in the third quarter worth approximately $111,000. Wexford Capital LP purchased a new position in shares of Greenfire Resources during the third quarter valued at approximately $5,845,000. Finally, JPMorgan Chase & Co. bought a new position in Greenfire Resources during the third quarter valued at approximately $29,000. 88.89% of the stock is owned by institutional investors.

Greenfire Resources Trading Up 1.6 %

Shares of GFR stock opened at $6.57 on Wednesday. The stock 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 current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $6.81 and its 200 day moving average is $7.06. Greenfire Resources Ltd. has a 12-month low of $4.68 and a 12-month high of $8.16.

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.