Greenlane Renewables (TSE:GRN) Stock Price Down 2.2% – Here’s Why

Greenlane Renewables Inc. (TSE:GRN) was down 2.2% on Tuesday . The company traded as low as C$0.23 and last traded at C$0.23. Approximately 15,972 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 120,703 shares. The stock had previously closed at C$0.23.

Greenlane Renewables Price Performance

The business has a 50 day simple moving average of C$0.23 and a two-hundred day simple moving average of C$0.24. The company has a debt-to-equity ratio of 11.25, a quick ratio of 2.05 and a current ratio of 1.61. The firm has a market capitalization of C$35.90 million, a P/E ratio of -22.50, a price-to-earnings-growth ratio of -555.67 and a beta of 3.68.

Greenlane Renewables (TSE:GRN) last posted its quarterly earnings data on Thursday, March 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. Greenlane Renewables had a negative return on equity of 4.33% and a negative net margin of 2.35%.The firm had revenue of C$10.80 million during the quarter. On average, sell-side analysts expect that Greenlane Renewables Inc. will post 0.000286 EPS for the current fiscal year.

About Greenlane Renewables

Greenlane is driving change: accelerating the energy transition. We are cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transportation. As a pioneer and leading global specialist in biogas desulfurization and upgrading, we have been actively contributing to the decarbonization of our planet for over 35 years with more than 355 systems supplied into 28 countries. We transform biogas generated from organic waste into high-value grid-ready renewable natural gas (‘RNG’) from a wide range of sources such as landfills, sugar mills, dairy farms, wastewater, and food waste.