Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Trading Up 16.3%

Greenlane Renewables Inc. (GRN.V) (CVE:GRN)’s share price was up 16.3% during mid-day trading on Wednesday . The company traded as high as C$2.80 and last traded at C$2.78. Approximately 3,044,708 shares were traded during mid-day trading, an increase of 81% from the average daily volume of 1,677,592 shares. The stock had previously closed at C$2.39.

A number of research analysts have issued reports on GRN shares. Cormark set a C$2.30 target price on Greenlane Renewables Inc. (GRN.V) and gave the company a “buy” rating in a research report on Monday, May 10th. Raymond James set a C$3.50 target price on Greenlane Renewables Inc. (GRN.V) and gave the company a “strong-buy” rating in a research report on Wednesday, May 19th.

The company’s 50 day moving average price is C$2.77. The stock has a market capitalization of C$368.17 million and a PE ratio of -102.96. The company has a debt-to-equity ratio of 35.74, a current ratio of 0.98 and a quick ratio of 0.77.

About Greenlane Renewables Inc. (GRN.V) (CVE:GRN)

Greenlane Renewables Inc provides biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and food waste facilities for injection into the natural gas grid or for direct use as vehicle fuel.

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