Greenlane Renewables (TSE:GRN) Shares Up 11.9% – Should You Buy?

Shares of Greenlane Renewables Inc. (TSE:GRN) rose 11.9% on Tuesday . The company traded as high as C$0.24 and last traded at C$0.24. Approximately 113,135 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 124,962 shares. The stock had previously closed at C$0.21.

Greenlane Renewables Stock Performance

The firm has a 50 day moving average of C$0.23 and a 200-day moving average of C$0.25. The company has a quick ratio of 2.05, a current ratio of 1.61 and a debt-to-equity ratio of 11.25. The company has a market cap of C$35.55 million, a P/E ratio of 22.50, a PEG ratio of -555.67 and a beta of 4.40.

Greenlane Renewables (TSE:GRN) last posted its earnings results on Thursday, March 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$10.80 million during the quarter. Greenlane Renewables had a negative net margin of 2.35% and a negative return on equity of 4.33%. As a group, sell-side analysts anticipate that Greenlane Renewables Inc. will post 0.000286 EPS for the current fiscal year.

About Greenlane Renewables

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.