Greenlane Renewables (TSE:GRN) Shares Down 2.2% – Should You Sell?

Shares of Greenlane Renewables Inc. (TSE:GRN) were down 2.2% during mid-day trading on Wednesday . The company traded as low as C$0.22 and last traded at C$0.23. Approximately 55,098 shares were traded during trading, a decline of 30% from the average daily volume of 78,157 shares. The stock had previously closed at C$0.23.

Greenlane Renewables Stock Performance

The firm’s 50 day simple moving average is C$0.23 and its 200-day simple moving average is C$0.22. The company has a market capitalization of C$35.55 million, a price-to-earnings ratio of 22.50, a P/E/G ratio of -555.67 and a beta of 4.43. The company has a debt-to-equity ratio of 9.77, a quick ratio of 2.05 and a current ratio of 1.46.

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

About Greenlane Renewables

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.