Greenlane Renewables (TSE:GRN) Trading Down 2.4% – Here’s What Happened

Shares of Greenlane Renewables Inc. (TSE:GRN) fell 2.4% during trading on Tuesday . The company traded as low as C$0.20 and last traded at C$0.20. 56,900 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 108,407 shares. The stock had previously closed at C$0.21.

Greenlane Renewables Stock Down 2.4%

The stock’s fifty day moving average price is C$0.22 and its 200 day moving average price is C$0.23. The company has a current ratio of 1.54, a quick ratio of 2.05 and a debt-to-equity ratio of 11.69. The stock has a market cap of C$32.72 million, a P/E ratio of -20.50, a price-to-earnings-growth ratio of -555.67 and a beta of 3.76.

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