Greenlane Renewables (TSE:GRN) Shares Up 2.3% – Here’s Why

Greenlane Renewables Inc. (TSE:GRN) shares were up 2.3% during mid-day trading on Thursday . The stock traded as high as C$0.22 and last traded at C$0.22. 37,711 shares were traded during trading, a decline of 65% from the average daily volume of 106,642 shares. The stock had previously closed at C$0.21.

Greenlane Renewables Stock Performance

The company has a current ratio of 1.54, a quick ratio of 2.05 and a debt-to-equity ratio of 11.69. The firm has a market cap of C$35.12 million, a price-to-earnings ratio of -22.00, a price-to-earnings-growth ratio of -555.67 and a beta of 3.75. 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. The company had revenue of C$9.54 million during the quarter. Greenlane Renewables had a negative net margin of 4.32% and a negative return on equity of 8.55%. As a group, analysts predict that Greenlane Renewables Inc. will post 0.000286 earnings per share 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.