Jason David Sawyer Purchases 240,000 Shares of Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Stock

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Jason David Sawyer purchased 240,000 shares of Greenland Mines Ltd. Common Stock stock in a transaction that occurred on Wednesday, July 22nd. The shares were bought at an average price of $0.23 per share, for a total transaction of $55,200.00. Following the completion of the transaction, the director owned 240,000 shares in the company, valued at $55,200. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Greenland Mines Ltd. Common Stock Price Performance

Shares of Greenland Mines Ltd. Common Stock stock opened at $0.19 on Thursday. Greenland Mines Ltd. Common Stock has a one year low of $0.16 and a one year high of $1.08. The business’s 50 day simple moving average is $0.27 and its two-hundred day simple moving average is $0.37. The stock has a market capitalization of $26.24 million, a P/E ratio of -0.59 and a beta of 7.05.

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($0.15) earnings per share for the quarter.

Institutional Trading of Greenland Mines Ltd. Common Stock

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRML. Brummer Multi Strategy AB purchased a new position in Greenland Mines Ltd. Common Stock during the 4th quarter valued at $175,000. Renaissance Technologies LLC purchased a new stake in shares of Greenland Mines Ltd. Common Stock in the 4th quarter worth about $126,000. Jane Street Group LLC bought a new stake in shares of Greenland Mines Ltd. Common Stock during the 4th quarter valued at about $64,000. Geode Capital Management LLC boosted its stake in shares of Greenland Mines Ltd. Common Stock by 51.8% during the 4th quarter. Geode Capital Management LLC now owns 491,832 shares of the company’s stock valued at $142,000 after purchasing an additional 167,905 shares in the last quarter. Finally, XTX Topco Ltd increased its position in shares of Greenland Mines Ltd. Common Stock by 101.2% during the fourth quarter. XTX Topco Ltd now owns 160,569 shares of the company’s stock valued at $46,000 after buying an additional 80,768 shares during the period. Hedge funds and other institutional investors own 20.07% of the company’s stock.

Analysts Set New Price Targets

GRML has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Greenland Mines Ltd. Common Stock to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded shares of Greenland Mines Ltd. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Greenland Mines Ltd. Common Stock presently has a consensus rating of “Sell”.

About Greenland Mines Ltd. Common Stock

Greenland Mines Ltd develops essential medicines for the treatment of chronic diseases – cancer, cardiovascular, and neurodegenerative disorders. The Company operates as a single reporting segment focused on developing essential medicines for these chronic diseases. The Company has acquired two licensed platforms: a generic drug portfolio and a biosimilar biologics platform that uses biologic therapies to treat cancer, and proprietary patented technologies involving melanocortin receptor-binding molecules and a gene therapy platform that introduces a therapeutic protein called Klotho inside the body to treat neurodegenerative diseases.