Greenland Energy Target of Unusually Large Options Trading (NASDAQ:GLND)

Greenland Energy Co (NASDAQ:GLND) was the target of unusually large options trading on Monday. Stock investors bought 13,375 put options on the stock. This is an increase of approximately 9,386% compared to the typical daily volume of 141 put options.

Greenland Energy Stock Performance

GLND stock traded up $1.89 during trading hours on Monday, reaching $3.09. 87,927,363 shares of the stock were exchanged, compared to its average volume of 2,390,091. The firm’s 50-day simple moving average is $1.69. Greenland Energy has a 12 month low of $1.09 and a 12 month high of $23.00. The company has a market cap of $135.13 million, a P/E ratio of -18.09 and a beta of -2.64.

Greenland Energy (NASDAQ:GLND) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.13) EPS for the quarter.

Analyst Ratings Changes

GLND has been the topic of several recent analyst reports. Weiss Ratings upgraded Greenland Energy from a “sell (e)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. ThinkEquity initiated coverage on Greenland Energy in a research note on Monday, June 15th. They set a “buy” rating for the company. Finally, Wall Street Zen downgraded shares of Greenland Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

Insiders Place Their Bets

In other Greenland Energy news, Director Larry G. Swets, Jr. bought 15,000 shares of Greenland Energy stock in a transaction on Thursday, June 25th. The shares were purchased at an average cost of $2.56 per share, for a total transaction of $38,400.00. Following the completion of the acquisition, the director owned 585,000 shares in the company, valued at approximately $1,497,600. The trade was a 2.63% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On Greenland Energy

Several hedge funds have recently made changes to their positions in the business. Resolute Advisors LLC acquired a new stake in shares of Greenland Energy in the second quarter valued at approximately $163,000. PEAK6 LLC bought a new position in Greenland Energy in the second quarter valued at $143,000. Squarepoint Ops LLC bought a new position in Greenland Energy in the second quarter valued at $41,000. Finally, NewEdge Wealth LLC acquired a new stake in Greenland Energy in the 2nd quarter valued at $33,000.

About Greenland Energy

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.