Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Trading Up 16.3% – What’s Next?

Greenlane Renewables Inc. (GRN.V) (CVE:GRN)’s stock price was up 16.3% during trading on Friday . The company traded as high as C$2.80 and last traded at C$2.78. Approximately 3,044,708 shares changed hands during mid-day trading, an increase of 81% from the average daily volume of 1,677,592 shares. The stock had previously closed at C$2.39.

Analyst Ratings Changes

Separately, TD Securities cut shares of Greenlane Renewables Inc. (GRN.V) from a “hold” rating to a “sell” rating and lowered their price objective for the company from C$0.10 to C$0.05 in a research report on Thursday, August 8th.

Greenlane Renewables Inc. (GRN.V) Price Performance

The stock has a market cap of C$368.17 million and a price-to-earnings ratio of -102.96. The business’s 50-day simple moving average is C$2.78 and its two-hundred day simple moving average is C$2.78. The company has a debt-to-equity ratio of 35.74, a current ratio of 0.98 and a quick ratio of 0.77.

About Greenlane Renewables Inc. (GRN.V)

Greenlane Renewables Inc provides biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and food waste facilities for injection into the natural gas grid or for direct use as vehicle fuel.