Greenland Energy (NASDAQ:GLND) Cut to Strong Sell at Wall Street Zen

Wall Street Zen downgraded shares of Greenland Energy (NASDAQ:GLND) from a sell rating to a strong sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Greenland Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Greenland Energy has an average rating of “Hold”.

Greenland Energy Trading Down 13.3%

NASDAQ:GLND opened at $2.68 on Friday. Greenland Energy has a 12-month low of $1.09 and a 12-month high of $23.00. The company has a 50 day moving average of $2.60.

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

Hedge Funds Weigh In On Greenland Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLND. State Street Corp acquired a new stake in shares of Greenland Energy in the 2nd quarter valued at approximately $417,000. Squarepoint Ops LLC purchased a new stake in shares of Greenland Energy in the second quarter valued at approximately $41,000. Resolute Advisors LLC purchased a new stake in shares of Greenland Energy in the second quarter valued at approximately $163,000. PEAK6 LLC purchased a new stake in shares of Greenland Energy in the second quarter valued at approximately $143,000. Finally, NewEdge Wealth LLC acquired a new position in Greenland Energy during the second quarter worth $33,000.

Greenland Energy Company Profile

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.