Greenland Energy (NASDAQ:GLND) Director Acquires 15,000 Shares

Greenland Energy Co (NASDAQ:GLND) Director Larry Swets, Jr. bought 15,000 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were bought at an average cost of $2.56 per share, for a total transaction of $38,400.00. Following the completion of the acquisition, the director directly owned 585,000 shares in the company, valued at approximately $1,497,600. This trade represents a 2.63% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Greenland Energy Stock Performance

Shares of GLND stock opened at $2.54 on Friday. Greenland Energy Co has a 1-year low of $2.46 and a 1-year high of $23.00.

Greenland Energy (NASDAQ:GLND) last released its earnings results on Wednesday, May 13th. The company reported ($0.04) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. ThinkEquity began coverage on shares of Greenland Energy in a research report on Monday, June 15th. They set a “buy” rating for the company. Wall Street Zen raised shares of Greenland Energy to a “sell” rating in a research report on Saturday, May 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

About Greenland Energy

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.