Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Jason David Sawyer Acquires 240,000 Shares of Stock

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Jason David Sawyer purchased 240,000 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The stock was bought at an average cost of $0.23 per share, with a total value of $55,200.00. Following the acquisition, the director owned 240,000 shares of the company’s stock, valued at $55,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Greenland Mines Ltd. Common Stock Stock Performance

NASDAQ:GRML opened at $0.20 on Wednesday. The company has a market cap of $27.46 million, a price-to-earnings ratio of -0.62 and a beta of 7.05. The stock’s fifty day moving average price is $0.27 and its two-hundred day moving average price is $0.37. Greenland Mines Ltd. Common Stock has a 52-week low of $0.16 and a 52-week high of $1.12.

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

Institutional Investors Weigh In On Greenland Mines Ltd. Common Stock

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRML. Jane Street Group LLC bought a new position in Greenland Mines Ltd. Common Stock during the second quarter worth about $26,000. XTX Topco Ltd increased its stake in shares of Greenland Mines Ltd. Common Stock by 101.2% in the 4th quarter. XTX Topco Ltd now owns 160,569 shares of the company’s stock valued at $46,000 after acquiring an additional 80,768 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Greenland Mines Ltd. Common Stock in the 4th quarter valued at approximately $126,000. Geode Capital Management LLC raised its position in shares of 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 acquiring an additional 167,905 shares during the period. Finally, Brummer Multi Strategy AB bought a new position in Greenland Mines Ltd. Common Stock during the 4th quarter worth approximately $175,000. Institutional investors own 20.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GRML. Weiss Ratings upgraded shares of Greenland Mines Ltd. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 15th. Wall Street Zen raised shares of Greenland Mines Ltd. Common Stock to a “sell” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Greenland Mines Ltd. Common Stock presently has a consensus rating of “Sell”.

Greenland Mines Ltd. Common Stock Company Profile

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.