Greenlane Renewables (TSE:GRN) Stock Price Up 14.3% – What’s Next?

Greenlane Renewables Inc. (TSE:GRN)’s share price rose 14.3% on Friday. The company traded as high as C$0.20 and last traded at C$0.20. 189,328 shares were traded during trading, an increase of 92% from the average daily volume of 98,479 shares. The stock had previously closed at C$0.17.

Greenlane Renewables Stock Performance

The stock has a market capitalization of C$31.96 million, a P/E ratio of -6.67, a price-to-earnings-growth ratio of -555.67 and a beta of 3.84. The company has a current ratio of 1.54, a quick ratio of 2.05 and a debt-to-equity ratio of 11.71. The company has a 50-day moving average price of C$0.18 and a two-hundred day moving average price of C$0.21.

Greenlane Renewables (TSE:GRN) last announced its earnings results on Thursday, August 13th. The company reported C($0.01) EPS for the quarter. Greenlane Renewables had a negative net margin of 10.01% and a negative return on equity of 18.95%. The business had revenue of C$11.31 million for the quarter. On average, equities analysts forecast that Greenlane Renewables Inc. will post 0.00 earnings per share for the current year.

Greenlane Renewables Company Profile

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.