Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Stock Price Up 16.3% – Here’s What Happened

Greenlane Renewables Inc. (GRN.V) (CVE:GRN)’s stock price rose 16.3% on Wednesday . The stock traded as high as C$2.80 and last traded at C$2.78. Approximately 3,044,708 shares changed hands during trading, an increase of 81% from the average daily volume of 1,677,592 shares. The stock had previously closed at C$2.39.

Greenlane Renewables Inc. (GRN.V) Price Performance

The firm has a market capitalization of C$368.17 million and a P/E ratio of -102.96. The business’s fifty day moving average is C$2.78 and its 200 day moving average is C$2.78. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of 35.74.

Greenlane Renewables Inc. (GRN.V) Company Profile

Greenlane Renewables Inc provides biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and food waste facilities for injection into the natural gas grid or for direct use as vehicle fuel. It offers water wash, pressure swing adsorption, and membrane separation technologies. The company markets and sells its upgrading systems under the Greenlane Biogas brand.