Greenlane Renewables (TSE:GRN) Announces Quarterly Earnings Results

Greenlane Renewables (TSE:GRN) announced its quarterly earnings results on Thursday. The company reported C$0.00 earnings per share (EPS) for the quarter, FiscalAI reports. Greenlane Renewables had a negative return on equity of 88.83% and a negative net margin of 35.09%.The company had revenue of C$11.55 million during the quarter.

Greenlane Renewables Stock Performance

Shares of TSE:GRN traded down C$0.02 during trading on Thursday, hitting C$0.26. 193,211 shares of the stock traded hands, compared to its average volume of 192,395. The company has a quick ratio of 2.05, a current ratio of 1.46 and a debt-to-equity ratio of 9.77. The company has a fifty day moving average price of C$0.27 and a two-hundred day moving average price of C$0.17. Greenlane Renewables has a 52-week low of C$0.08 and a 52-week high of C$0.33. The company has a market cap of C$40.02 million, a price-to-earnings ratio of -1.92, a P/E/G ratio of -555.67 and a beta of 4.24.

Insider Buying and Selling

In other Greenlane Renewables news, Director Candice Alderson sold 142,340 shares of Greenlane Renewables stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of C$0.24, for a total value of C$34,161.60. Following the completion of the transaction, the director owned 97,856 shares of the company’s stock, valued at approximately C$23,485.44. The trade was a 59.26% decrease in their ownership of the stock. Insiders have sold a total of 209,683 shares of company stock worth $50,862 in the last quarter. 9.08% of the stock is currently owned by company insiders.

Greenlane Renewables Company Profile

Greenlane Renewables Inc is a provider of biogas upgrading systems. Its systems produce clean, renewable natural gas from organic waste sources, including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel.