Greenlane Renewables (TSE:GRN) Stock Price Down 16.4% – What’s Next?

Greenlane Renewables Inc. (TSE:GRN)’s stock price was down 16.4% during trading on Friday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 170,069 shares traded hands during mid-day trading, an increase of 48% from the average daily volume of 115,255 shares. The stock had previously closed at C$0.28.

Greenlane Renewables Trading Down 18.2%

The company has a debt-to-equity ratio of 10.07, a current ratio of 1.70 and a quick ratio of 2.05. The firm has a fifty day simple moving average of C$0.23 and a two-hundred day simple moving average of C$0.25. The firm has a market capitalization of C$35.55 million, a P/E ratio of 22.50, a price-to-earnings-growth ratio of -555.67 and a beta of 4.40.

Greenlane Renewables (TSE:GRN) last issued its quarterly earnings results on Thursday, March 12th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$10.80 million for the quarter. Greenlane Renewables had a net margin of 5.58% and a return on equity of 9.74%. On average, equities research analysts anticipate that Greenlane Renewables Inc. will post 0.000286 earnings per share for the current fiscal 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.