Greenlane Renewables (TSE:GRN) Trading Up 16.2% – What’s Next?

Greenlane Renewables Inc. (TSE:GRN) shares were up 16.2% during mid-day trading on Monday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 252,576 shares changed hands during mid-day trading, an increase of 28% from the average daily volume of 197,052 shares. The stock had previously closed at C$0.19.

Greenlane Renewables Trading Up 6.8%

The company has a quick ratio of 2.05, a current ratio of 1.46 and a debt-to-equity ratio of 9.77. The company has a market capitalization of C$37.13 million, a P/E ratio of 20.50, a price-to-earnings-growth ratio of -555.67 and a beta of 4.24. The business has a fifty day moving average price of C$0.27 and a 200 day moving average price of C$0.18.

Greenlane Renewables (TSE:GRN) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.00 earnings per share (EPS) for the quarter. The business had revenue of C$11.55 million during the quarter. Greenlane Renewables had a negative return on equity of 88.83% and a negative net margin of 35.09%. On average, analysts expect that Greenlane Renewables Inc. will post 0.000286 earnings per share for the current fiscal year.

Insider Buying and Selling at Greenlane Renewables

In other Greenlane Renewables news, Director Candice Alderson sold 142,340 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of C$0.24, for a total transaction of C$34,161.60. Following the transaction, the director owned 97,856 shares of the company’s stock, valued at C$23,485.44. The trade was a 59.26% decrease in their position. Over the last quarter, insiders sold 209,683 shares of company stock worth $50,862. 9.08% of the stock is owned by insiders.

About Greenlane Renewables

Greenlane Renewables Inc is a provider of biogas upgrading systems. Its systems produce clean, renewable natural gas from organic waste sources, including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel.