Hillsdale Investment Management Inc. Takes $1.16 Million Position in Greenfire Resources Ltd. (NYSE:GFR)

Hillsdale Investment Management Inc. purchased a new position in shares of Greenfire Resources Ltd. (NYSE:GFR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 163,907 shares of the company’s stock, valued at approximately $1,155,000. Hillsdale Investment Management Inc. owned approximately 0.24% of Greenfire Resources as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GFR. JPMorgan Chase & Co. purchased a new stake in shares of Greenfire Resources during the 3rd quarter worth $29,000. Northwest & Ethical Investments L.P. purchased a new stake in Greenfire Resources during the fourth quarter worth about $45,000. The Manufacturers Life Insurance Company acquired a new position in Greenfire Resources during the third quarter worth about $82,000. Jane Street Group LLC purchased a new position in Greenfire Resources in the third quarter valued at about $111,000. Finally, Walleye Capital LLC acquired a new stake in shares of Greenfire Resources during the 3rd quarter valued at approximately $278,000. Institutional investors and hedge funds own 88.89% of the company’s stock.

Greenfire Resources Stock Performance

NYSE GFR opened at $5.21 on Monday. The business has a 50 day moving average price of $6.16 and a 200 day moving average price of $6.82. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.67 and a quick ratio of 0.58. The company has a market capitalization of $361.58 million, a P/E ratio of 14.87 and a beta of 0.29. Greenfire Resources Ltd. has a 1-year low of $4.82 and a 1-year high of $8.16.

Greenfire Resources (NYSE:GFR) last released its quarterly earnings results on Monday, March 17th. The company reported $0.78 earnings per share (EPS) for the quarter. Greenfire Resources had a return on equity of 5.40% and a net margin of 5.02%. The business had revenue of $149.31 million during the quarter.

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.