Greenlane Renewables (TSE:GRN) Stock Price Up 11.9% – Should You Buy?

Greenlane Renewables Inc. (TSE:GRN)’s share price shot up 11.9% on Tuesday . The stock traded as high as C$0.24 and last traded at C$0.24. 113,135 shares were traded during mid-day trading, a decline of 9% from the average session volume of 124,962 shares. The stock had previously closed at C$0.21.

Greenlane Renewables Stock Up 6.7%

The company has a market cap of C$37.92 million, a price-to-earnings ratio of 24.00, a PEG ratio of -555.67 and a beta of 4.40. The business has a fifty day moving average of C$0.23 and a two-hundred day moving average of C$0.25. The company has a current ratio of 1.61, a quick ratio of 2.05 and a debt-to-equity ratio of 11.25.

Greenlane Renewables (TSE:GRN) last issued its quarterly earnings data on Thursday, March 12th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$10.80 million during the quarter. Greenlane Renewables had a negative net margin of 2.35% and a negative return on equity of 4.33%. As a group, equities analysts anticipate that Greenlane Renewables Inc. will post 0.000286 EPS for the current fiscal 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.