Greenlane Renewables (TSE:GRN) Trading Down 4.3% – Should You Sell?

Greenlane Renewables Inc. (TSE:GRN)’s share price traded down 4.3% on Thursday . The stock traded as low as C$0.22 and last traded at C$0.22. 26,423 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 106,345 shares. The stock had previously closed at C$0.23.

Greenlane Renewables Stock Performance

The firm has a 50-day moving average price of C$0.23 and a 200 day moving average price of C$0.24. The firm has a market capitalization of C$34.76 million, a PE ratio of 22.00, a price-to-earnings-growth ratio of -555.67 and a beta of 4.62. 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 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. The company generates revenue in the form of System sales and Aftercare services. Its geographical segments are North America, which generates the majority of revenue, and Europe.