BlueFire Renewables (OTCMKTS:BFRE) Shares Pass Above 50-Day Moving Average – Should You Sell?
by Tristan Rich · The Markets DailyShares of BlueFire Renewables, Inc. (OTCMKTS:BFRE – Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $29.44 and traded as high as $29.71. BlueFire Renewables shares last traded at $29.71, with a volume of 52,104 shares traded.
BlueFire Renewables Stock Down 0.4%
The firm has a 50 day moving average of $29.44 and a 200 day moving average of $28.36. The firm has a market cap of $2.38 million, a price-to-earnings ratio of -2,933.45 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.