Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Releases Earnings Results

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) released its quarterly earnings results on Monday. The company reported ($0.03) EPS for the quarter, Zacks reports.

Greenland Mines Ltd. Common Stock Trading Down 2.0%

Shares of NASDAQ:GRML opened at $0.20 on Tuesday. The firm has a 50 day moving average of $0.23 and a 200-day moving average of $0.35. The stock has a market capitalization of $27.52 million, a PE ratio of -0.62 and a beta of 7.13. Greenland Mines Ltd. Common Stock has a 12 month low of $0.16 and a 12 month high of $0.95.

Insider Activity at Greenland Mines Ltd. Common Stock

In other news, Director Jason David Sawyer acquired 240,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were acquired at an average cost of $0.23 per share, with a total value of $55,200.00. Following the completion of the purchase, the director directly owned 240,000 shares of the company’s stock, valued at $55,200. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Riad Hussein El-Dada sold 175,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $0.23, for a total transaction of $40,250.00. Following the transaction, the director owned 175,000 shares of the company’s stock, valued at approximately $40,250. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 11.30% of the company’s stock.

Institutional Investors Weigh In On Greenland Mines Ltd. Common Stock

A number of large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in shares of Greenland Mines Ltd. Common Stock in the 2nd quarter valued at $26,000. XTX Topco Ltd raised its holdings in shares of Greenland Mines Ltd. Common Stock by 101.2% during the 4th quarter. XTX Topco Ltd now owns 160,569 shares of the company’s stock worth $46,000 after buying an additional 80,768 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Greenland Mines Ltd. Common Stock during the 4th quarter worth $126,000. Finally, Geode Capital Management LLC lifted its position 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 worth $142,000 after buying an additional 167,905 shares during the last quarter. Institutional investors and hedge funds own 20.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GRML shares. Weiss Ratings lowered shares of Greenland Mines Ltd. Common Stock from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded Greenland Mines Ltd. Common Stock to a “sell” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the 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.