Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Shares Climb 16.3% – What’s Next?

Shares of Greenlane Renewables Inc. (GRN.V) (CVE:GRN) rose 16.3% during trading on Tuesday. The company traded as high as C$2.80 and last traded at C$2.78. Approximately 3,044,708 shares traded hands during trading, an increase of 81% from the average session volume of 1,677,592 shares. The stock had previously closed at C$2.39.

Greenlane Renewables Inc. (GRN.V) Stock Performance

The firm’s fifty day simple moving average is C$2.78 and its 200 day simple moving average is C$2.78. The company has a market capitalization of C$368.17 million and a price-to-earnings ratio of -102.96. The company has a debt-to-equity ratio of 35.74, a current ratio of 0.98 and a quick ratio of 0.77.

About Greenlane Renewables Inc. (GRN.V)

Greenlane Renewables Inc provides biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and food waste facilities for injection into the natural gas grid or for direct use as vehicle fuel. It offers water wash, pressure swing adsorption, and membrane separation technologies. The company markets and sells its upgrading systems under the Greenlane Biogas brand.