Greenland Mines Ltd. Common Stock (NASDAQ:GRML) CFO Purchases $136,080.00 in Stock

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) CFO Jeff Leblanc acquired 14,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average price of $9.72 per share, for a total transaction of $136,080.00. Following the completion of the purchase, the chief financial officer owned 110,406 shares of the company’s stock, valued at approximately $1,073,146.32. This represents a 14.52% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Greenland Mines Ltd. Common Stock Stock Up 4.4%

Shares of GRML stock opened at $5.26 on Friday. The firm has a market cap of $16.73 million, a price-to-earnings ratio of -16.44 and a beta of 7.13. Greenland Mines Ltd. Common Stock has a 52-week low of $4.37 and a 52-week high of $37.95. The company’s 50 day moving average is $10.45 and its 200 day moving average is $17.47.

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) last posted its earnings results on Monday, August 17th. The company reported ($0.03) earnings per share for the quarter.

Wall Street Analyst Weigh In

GRML has been the subject of a number of analyst reports. Wall Street Zen upgraded Greenland Mines Ltd. Common Stock to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded Greenland Mines Ltd. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Greenland Mines Ltd. Common Stock

Several hedge funds have recently made changes to their positions in GRML. Jane Street Group LLC purchased a new position in Greenland Mines Ltd. Common Stock in the 2nd quarter worth $26,000. Brummer Multi Strategy AB purchased a new stake in Greenland Mines Ltd. Common Stock during the 4th quarter valued at about $175,000. Geode Capital Management LLC grew its stake in Greenland Mines Ltd. Common Stock by 51.8% during 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 during the last quarter. Renaissance Technologies LLC purchased a new stake in Greenland Mines Ltd. Common Stock during the 4th quarter valued at about $126,000. Finally, XTX Topco Ltd increased its holdings in shares of Greenland Mines Ltd. Common Stock by 101.2% in the fourth quarter. XTX Topco Ltd now owns 160,569 shares of the company’s stock valued at $46,000 after purchasing an additional 80,768 shares during the period. 20.07% of the stock is owned by institutional investors and hedge funds.

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.