Greenlane Renewables (TSE:GRN) Stock Price Up 16.2% – What’s Next?

Greenlane Renewables Inc. (TSE:GRN)’s share price rose 16.2% during trading on Monday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 252,576 shares changed hands during mid-day trading, an increase of 28% from the average daily volume of 197,052 shares. The stock had previously closed at C$0.19.

Greenlane Renewables Stock Up 10.8%

The business’s fifty day moving average price is C$0.27 and its 200 day moving average price is C$0.18. The firm has a market capitalization of C$32.39 million, a price-to-earnings ratio of -1.92, a PEG ratio of -555.67 and a beta of 4.24. The company has a current ratio of 1.46, a quick ratio of 2.05 and a debt-to-equity ratio of 9.77.

Greenlane Renewables (TSE:GRN) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.00 earnings per share (EPS) for the quarter. The company had revenue of C$11.55 million for the quarter. Greenlane Renewables had a negative net margin of 35.09% and a negative return on equity of 88.83%. On average, equities analysts expect that Greenlane Renewables Inc. will post 0.000286 EPS for the current year.

Insider Activity

In related news, Director Candice Alderson sold 142,340 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of C$0.24, for a total value of C$34,161.60. Following the transaction, the director owned 97,856 shares in the company, valued at C$23,485.44. The trade was a 59.26% decrease in their position. Insiders sold a total of 209,683 shares of company stock worth $50,862 over the last 90 days. Company insiders own 9.08% of the company’s stock.

About Greenlane Renewables

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.