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Greenfire Resources ( (GFR) ) has issued an announcement.
On December 19, 2025, Greenfire Resources Ltd. announced it had completed a fully subscribed C$300 million rights offering to existing shareholders, issuing 55,147,055 common shares at C$5.44 (US$3.85) per share and bringing total shares outstanding to 125,404,146. The company used the net proceeds, together with cash on hand, to redeem in full its US$237.5 million 12% senior secured notes due 2028, and simultaneously closed an upsized US$275 million revolving credit facility with a syndicate of Canadian banks, which remains undrawn, leaving Greenfire debt-free and with expanded liquidity to support its operations and growth plans.
The most recent analyst rating on (GFR) stock is a Buy with a $5.50 price target. To see the full list of analyst forecasts on Greenfire Resources stock, see the GFR Stock Forecast page.
Spark’s Take on GFR Stock
According to Spark, TipRanks’ AI Analyst, GFR is a Outperform.
Greenfire Resources demonstrates strong valuation and technical momentum, supported by a solid financial performance. The transformational recapitalization plan and production targets are positive, but challenges with leverage and emissions need addressing.
To see Spark’s full report on GFR stock, click here.
More about Greenfire Resources
Greenfire Resources Ltd. is a Canadian oil sands producer focused on developing long-life, low-decline thermal oil assets in the Athabasca region of Alberta. Headquartered in Calgary, the company aims to leverage a large resource base and existing infrastructure to deliver capital-efficient production growth, with an emphasis on safe, reliable operations. Its common shares trade on both the New York Stock Exchange and the Toronto Stock Exchange under the symbol GFR.
Average Trading Volume: 142,946
Technical Sentiment Signal: Sell
Current Market Cap: $551.8M
For detailed information about GFR stock, go to TipRanks’ Stock Analysis page.