Greenland Energy (NASDAQ:GLND) Rating Lowered to “Strong Sell” at Wall Street Zen

Greenland Energy (NASDAQ:GLND) was downgraded by Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday.

Separately, ThinkEquity began coverage on Greenland Energy in a report on Monday, June 15th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

Greenland Energy Stock Performance

Shares of Greenland Energy stock opened at $1.28 on Friday. The stock’s 50 day moving average price is $2.28. Greenland Energy has a 1-year low of $1.10 and a 1-year high of $23.00. The company has a market cap of $55.97 million, a P/E ratio of -32.00 and a beta of -2.45.

Greenland Energy (NASDAQ:GLND) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.13) earnings per share (EPS) for the quarter.

Insider Buying and Selling

In related news, Director Larry G. Swets, Jr. bought 20,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was purchased at an average price of $2.66 per share, with a total value of $53,200.00. Following the completion of the acquisition, the director owned 545,000 shares of the company’s stock, valued at $1,449,700. The trade was a 3.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 45,000 shares of company stock worth $119,300 over the last three months.

Institutional Investors Weigh In On Greenland Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Wealth LLC acquired a new position in Greenland Energy during the 2nd quarter worth approximately $33,000. BlackRock Inc. acquired a new stake in Greenland Energy in the second quarter valued at approximately $37,000. Finally, PEAK6 LLC acquired a new stake in Greenland Energy in the second quarter valued at approximately $143,000.

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.