Shares of Greenfire Resources Ltd., a publicy traded company formed by the business combination of blank check company M3-Brigade Acquisition III Corp. and Greenfire Resources Inc., were trading lower on Thursday, following the combined company’s debut on the New York Stock Exchange.
At 3:41 p.m. ET, the stock had fallen 31.6% to trade at $6.40.
Greenfire said it is “an intermediate, lower-cost and growth-oriented Athabasca oil sands producer.”