Greenlane Renewables (TSE:GRN) Director Candice Alderson Sells 63,037 Shares of Stock

Greenlane Renewables Inc. (TSE:GRN) Director Candice Alderson sold 63,037 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of C$0.20, for a total transaction of C$12,607.40. Following the transaction, the director directly owned 203,798 shares of the company’s stock, valued at approximately C$40,759.60. This represents a 23.62% decrease in their ownership of the stock.

Greenlane Renewables Stock Down 2.6%

Shares of Greenlane Renewables stock traded down C$0.01 during trading on Thursday, reaching C$0.19. The company had a trading volume of 29,176 shares, compared to its average volume of 107,554. The company has a market cap of C$30.36 million, a price-to-earnings ratio of -6.33, a price-to-earnings-growth ratio of -555.67 and a beta of 3.76. The firm’s fifty day moving average is C$0.22 and its 200-day moving average is C$0.23. The company has a debt-to-equity ratio of 11.71, a quick ratio of 2.05 and a current ratio of 1.54. Greenlane Renewables Inc. has a fifty-two week low of C$0.17 and a fifty-two week high of C$0.32.

Greenlane Renewables (TSE:GRN) last posted its quarterly earnings results on Thursday, August 13th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$11.31 million during the quarter. Greenlane Renewables had a negative return on equity of 18.95% and a negative net margin of 10.01%. On average, analysts anticipate that Greenlane Renewables Inc. will post 0.000286 EPS for the current 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.