Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Sells 175,000 Shares

Greenland Mines Ltd. Common Stock (NASDAQ:GRML – Get Free Report) Director Riad Hussein El-Dada sold 175,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $0.23, for a total transaction of $40,250.00. Following the transaction, the director directly owned 175,000 shares in the company, valued at $40,250. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Greenland Mines Ltd. Common Stock Stock Performance

NASDAQ GRML traded up $0.04 during trading on Friday, reaching $0.25. The company’s stock had a trading volume of 3,924,253 shares, compared to its average volume of 3,484,479. The business’s fifty day moving average price is $0.39 and its 200-day moving average price is $0.39. Greenland Mines Ltd. Common Stock has a twelve month low of $0.21 and a twelve month high of $1.65. The firm has a market cap of $34.53 million, a price-to-earnings ratio of -0.78 and a beta of 6.94.

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Greenland Mines Ltd. Common Stock (NASDAQ:GRML – Get Free Report) last announced its earnings results on Wednesday, May 20th. The company reported ($0.15) earnings per share for the quarter.

Institutional Trading of Greenland Mines Ltd. Common Stock

Several hedge funds and other institutional investors have recently made changes to their positions in the company. XTX Topco Ltd increased its stake in shares of Greenland Mines Ltd. Common Stock by 101.2% during the fourth quarter. XTX Topco Ltd now owns 160,569 shares of the company’s stock worth $46,000 after acquiring an additional 80,768 shares during the period. Jane Street Group LLC acquired a new stake in Greenland Mines Ltd. Common Stock in the fourth quarter valued at about $64,000. Renaissance Technologies LLC purchased a new stake in Greenland Mines Ltd. Common Stock in the 4th quarter valued at approximately $126,000. Geode Capital Management LLC boosted its holdings in Greenland Mines Ltd. Common Stock by 51.8% in the 4th quarter. Geode Capital Management LLC now owns 491,832 shares of the company’s stock valued at $142,000 after purchasing an additional 167,905 shares in the last quarter. Finally, Brummer Multi Strategy AB acquired a new position in Greenland Mines Ltd. Common Stock during the 4th quarter worth approximately $175,000. Hedge funds and other institutional investors own 20.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on GRML. Weiss Ratings upgraded Greenland Mines Ltd. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 9th. Wall Street Zen upgraded Greenland Mines Ltd. Common Stock to a “sell” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Greenland Mines Ltd. Common Stock has a consensus rating of “Sell”.

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About Greenland Mines Ltd. Common Stock

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Greenland Mines Ltd develops essential medicines for the treatment of chronic diseases – cancer, cardiovascular, and neurodegenerative disorders. The Company operates as a single reporting segment focused on developing essential medicines for these chronic diseases. The Company has acquired two licensed platforms: a generic drug portfolio and a biosimilar biologics platform that uses biologic therapies to treat cancer, and proprietary patented technologies involving melanocortin receptor-binding molecules and a gene therapy platform that introduces a therapeutic protein called Klotho inside the body to treat neurodegenerative diseases.

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