Greenlane Renewables (TSE:GRN) Trading Up 2.3% – Time to Buy?

Greenlane Renewables Inc. (TSE:GRN) traded up 2.3% during trading on Thursday . The stock traded as high as C$0.22 and last traded at C$0.22. 37,711 shares were traded during mid-day trading, a decline of 65% from the average session volume of 106,642 shares. The stock had previously closed at C$0.21.

Greenlane Renewables Trading Down 2.3%

The stock has a 50 day moving average of C$0.22 and a 200-day moving average of C$0.23. The company has a market capitalization of C$34.32 million, a P/E ratio of -21.50, a P/E/G ratio of -555.67 and a beta of 3.75. The company has a current ratio of 1.54, a quick ratio of 2.05 and a debt-to-equity ratio of 11.69.

Greenlane Renewables (TSE:GRN) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$9.54 million for the quarter. Greenlane Renewables had a negative net margin of 4.32% and a negative return on equity of 8.55%. On average, research analysts predict that Greenlane Renewables Inc. will post 0.000286 EPS for the current year.

About Greenlane Renewables

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.