Greenland Energy (NASDAQ:GLND) Announces Quarterly Earnings Results

Greenland Energy (NASDAQ:GLND) posted its quarterly earnings results on Thursday. The company reported ($0.13) earnings per share for the quarter, Zacks reports.

Greenland Energy Trading Up 12.1%

Shares of GLND stock traded up $0.14 during trading on Thursday, reaching $1.25. 3,753,590 shares of the company’s stock were exchanged, compared to its average volume of 1,437,254. Greenland Energy has a twelve month low of $1.10 and a twelve month high of $23.00. The business has a fifty day moving average price of $2.31.

Insider Transactions at Greenland Energy

In related news, Director Larry G. Swets, Jr. acquired 15,000 shares of Greenland Energy stock in a transaction on Thursday, June 25th. The stock was purchased at an average cost of $2.56 per share, with a total value of $38,400.00. Following the completion of the transaction, the director directly owned 585,000 shares in the company, valued at $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 is accessible through the SEC website. Over the last three months, insiders acquired 45,000 shares of company stock worth $119,300.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. ThinkEquity assumed coverage on shares of Greenland Energy in a research note on Monday, June 15th. They issued 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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Greenland Energy 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.