Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Riad Hussein El-Dada Sells 175,000 Shares of Stock

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Riad Hussein El-Dada sold 175,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $0.23, for a total transaction of $40,250.00. Following the completion of the transaction, the director directly owned 175,000 shares of the company’s stock, valued at approximately $40,250. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Greenland Mines Ltd. Common Stock Price Performance

Shares of Greenland Mines Ltd. Common Stock stock opened at $0.26 on Friday. The firm has a market cap of $35.35 million, a P/E ratio of -0.80 and a beta of 6.94. The firm has a 50 day simple moving average of $0.38 and a 200 day simple moving average of $0.39. Greenland Mines Ltd. Common Stock has a fifty-two week low of $0.21 and a fifty-two week high of $1.65.

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($0.15) EPS for the quarter.

Institutional Trading of Greenland Mines Ltd. Common Stock

Several hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in Greenland Mines Ltd. Common Stock in the 2nd quarter worth $26,000. XTX Topco Ltd lifted its holdings in shares of Greenland Mines Ltd. Common Stock by 101.2% in the fourth quarter. XTX Topco Ltd now owns 160,569 shares of the company’s stock valued at $46,000 after purchasing an additional 80,768 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Greenland Mines Ltd. Common Stock during the fourth quarter worth about $126,000. Geode Capital Management LLC boosted its position in shares of Greenland Mines Ltd. Common Stock by 51.8% during the fourth quarter. Geode Capital Management LLC now owns 491,832 shares of the company’s stock worth $142,000 after buying an additional 167,905 shares during the period. Finally, Brummer Multi Strategy AB bought a new position in shares of Greenland Mines Ltd. Common Stock during the fourth quarter worth about $175,000. 20.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Greenland Mines Ltd. Common Stock to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded Greenland Mines Ltd. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Greenland Mines Ltd. Common Stock currently has an average rating of “Sell”.

Greenland Mines Ltd. Common Stock Company Profile

Greenland Mines Ltd develops essential medicines for the treatment of chronic diseases – cancer, cardiovascular, and neurodegenerative disorders. The Company operates as a single reporting segment focused on developing essential medicines for these chronic diseases. The Company has acquired two licensed platforms: a generic drug portfolio and a biosimilar biologics platform that uses biologic therapies to treat cancer, and proprietary patented technologies involving melanocortin receptor-binding molecules and a gene therapy platform that introduces a therapeutic protein called Klotho inside the body to treat neurodegenerative diseases.