Greenlane Renewables (TSE:GRN) Trading 8.3% Higher – Here’s Why

Greenlane Renewables Inc. (TSE:GRN) shares rose 8.3% during trading on Monday . The stock traded as high as C$0.28 and last traded at C$0.26. Approximately 196,320 shares changed hands during mid-day trading, an increase of 85% from the average daily volume of 105,946 shares. The stock had previously closed at C$0.24.

Greenlane Renewables Price Performance

The business has a fifty day simple moving average of C$0.24 and a two-hundred day simple moving average of C$0.24. The company has a current ratio of 1.61, a quick ratio of 2.05 and a debt-to-equity ratio of 11.25. The stock has a market cap of C$42.29 million, a PE ratio of -26.50, a P/E/G ratio of -555.67 and a beta of 3.89.

Greenlane Renewables (TSE:GRN) last released its earnings results on Thursday, March 12th. The company reported C($0.01) EPS for the quarter. Greenlane Renewables had a negative net margin of 2.35% and a negative return on equity of 4.33%. The firm had revenue of C$10.80 million during the quarter. Research analysts forecast that Greenlane Renewables Inc. will post 0.000286 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.