Insider Selling: Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Director Sells C$16,666.60 in Stock

Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Director Ian Jack Kane sold 166,666 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of C$0.10, for a total transaction of C$16,666.60.

Greenlane Renewables Inc. (GRN.V) Stock Performance

Shares of GRN stock opened at C$2.78 on Friday. Greenlane Renewables Inc. has a one year low of C$0.19 and a one year high of C$2.90. The company’s 50-day moving average is C$2.78 and its 200 day 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 quick ratio of 0.77 and a current ratio of 0.98.

Analysts Set New Price Targets

Separately, TD Securities lowered shares of Greenlane Renewables Inc. (GRN.V) from a “hold” rating to a “sell” rating and decreased their price target for the stock from C$0.10 to C$0.05 in a research note on Thursday, August 8th.

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.