Greenlane Renewables Inc. (TSE:GRN – Get Free Report)’s stock price shot up 2.2% during mid-day trading on Thursday . The stock traded as high as C$0.27 and last traded at C$0.23. Approximately 322,725 shares were traded during mid-day trading, an increase of 198% from the average daily volume of 108,213 shares. The stock had previously closed at C$0.23.
Greenlane Renewables Trading Up 4.3%
The firm has a market capitalization of C$38.31 million, a P/E ratio of -24.00, a price-to-earnings-growth ratio of -555.67 and a beta of 3.75. The stock has a 50-day simple moving average of C$0.22 and a two-hundred day simple moving average of C$0.23. The company has a current ratio of 1.54, a quick ratio of 2.05 and a debt-to-equity ratio of 11.69.
Greenlane Renewables (TSE:GRN – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$9.54 million for the quarter. Greenlane Renewables had a negative return on equity of 8.55% and a negative net margin of 4.32%. On average, equities research analysts anticipate that Greenlane Renewables Inc. will post 0.000286 earnings per share for the current year.
Greenlane Renewables Company Profile
Greenlane is driving change: accelerating the energy transition. We are cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transportation. As a pioneer and leading global specialist in biogas desulfurization and upgrading, we have been actively contributing to the decarbonization of our planet for over 35 years with more than 355 systems supplied into 28 countries. We transform biogas generated from organic waste into high-value grid-ready renewable natural gas (‘RNG’) from a wide range of sources such as landfills, sugar mills, dairy farms, wastewater, and food waste.
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