Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Trading Up 16.3% – Should You Buy?

Greenlane Renewables Inc. (GRN.V) (CVE:GRN)’s share price traded up 16.3% during trading on Thursday . The company traded as high as C$2.80 and last traded at C$2.78. 3,044,708 shares were traded 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 has a market capitalization of C$368.17 million and a price-to-earnings ratio of -102.96. The company has a quick ratio of 0.77, a current ratio of 0.98 and a debt-to-equity ratio of 35.74. The stock has a 50-day moving average price of C$2.78 and a 200 day moving average price of C$2.78.

Insider Transactions at Greenlane Renewables Inc. (GRN.V)

In other news, Senior Officer Monty Balderston sold 343,273 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$0.11, for a total transaction of C$37,760.03. Also, Director Brad Donald Douville sold 407,026 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$0.09, for a total value of C$36,632.34. Over the last ninety days, insiders sold 1,120,223 shares of company stock valued at $111,779.

Greenlane Renewables Inc. (GRN.V) Company Profile

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.