Greenland Energy (NASDAQ:GLND) Announces Quarterly Earnings Results

Greenland Energy (NASDAQ:GLND) issued its earnings results on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter, Zacks reports.

Greenland Energy Stock Up 2.4%

GLND traded up $0.03 on Friday, hitting $1.28. 2,892,797 shares of the company were exchanged, compared to its average volume of 1,592,376. The stock’s fifty day moving average price is $2.28. The company has a market capitalization of $55.97 million, a PE ratio of -32.00 and a beta of -2.45. Greenland Energy has a 12 month low of $1.10 and a 12 month high of $23.00.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GLND shares. Wall Street Zen cut shares of Greenland Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday. ThinkEquity initiated coverage on shares of Greenland Energy in a research report on Monday, June 15th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Insiders Place Their Bets

In related news, Director Larry G. Swets, Jr. acquired 15,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was purchased at an average price of $2.56 per share, with a total value of $38,400.00. Following the completion of the purchase, the director owned 585,000 shares in the company, valued at $1,497,600. This trade represents a 2.63% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 45,000 shares of company stock valued at $119,300 in the last ninety days.

About Greenland Energy

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.