Greenlane Renewables (TSE:GRN) Trading Up 2.2% – Here’s Why

Greenlane Renewables Inc. (TSE:GRN)’s share price shot up 2.2% on Thursday . The company traded as high as C$0.27 and last traded at C$0.23. 322,725 shares were traded during trading, an increase of 198% from the average session volume of 108,213 shares. The stock had previously closed at C$0.23.

Greenlane Renewables Price Performance

The firm has a market capitalization of C$38.31 million, a PE ratio of -24.00, a P/E/G ratio of -555.67 and a beta of 3.75. The company has a debt-to-equity ratio of 11.69, a quick ratio of 2.05 and a current ratio of 1.54. The stock has a fifty day moving average price of C$0.22 and a 200-day moving average price of C$0.23.

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

Greenlane Renewables Company Profile

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.