Greenlane Renewables (TSE:GRN) Stock Price Up 2.1% – Time to Buy?

Greenlane Renewables Inc. (TSE:GRN)’s share price rose 2.1% during mid-day trading on Monday . The stock traded as high as C$0.24 and last traded at C$0.24. Approximately 44,118 shares changed hands during trading, a decline of 77% from the average daily volume of 193,773 shares. The stock had previously closed at C$0.24.

Greenlane Renewables Price Performance

The business’s 50 day moving average is C$0.25 and its two-hundred day moving average is C$0.19. The firm has a market cap of C$37.92 million, a P/E ratio of 24.00, a P/E/G ratio of -555.67 and a beta of 4.25. The company has a quick ratio of 2.05, a current ratio of 1.46 and a debt-to-equity ratio of 9.77.

Greenlane Renewables (TSE:GRN) last issued its earnings results on Thursday, November 13th. The company reported C$0.00 earnings per share for the quarter. Greenlane Renewables had a negative return on equity of 88.83% and a negative net margin of 35.09%.The business had revenue of C$11.55 million during the quarter. As a group, analysts anticipate that Greenlane Renewables Inc. will post 0.000286 earnings per share for the current year.

Greenlane Renewables Company Profile

Greenlane Renewables Inc is a provider of biogas upgrading systems. Its systems produce clean, renewable natural gas from organic waste sources, including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel.