Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Sells $40,250.00 in Stock

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Riad Hussein El-Dada sold 175,000 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $0.23, for a total transaction of $40,250.00. Following the transaction, the director owned 175,000 shares of the company’s stock, valued at approximately $40,250. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Greenland Mines Ltd. Common Stock Trading Up 19.0%

NASDAQ:GRML traded up $0.04 during trading hours on Friday, hitting $0.25. The company’s stock had a trading volume of 3,924,253 shares, compared to its average volume of 3,484,479. The stock has a market capitalization of $34.53 million, a P/E ratio of -0.78 and a beta of 6.94. The stock has a fifty day moving average of $0.39 and a 200-day moving average of $0.39. Greenland Mines Ltd. Common Stock has a 52-week low of $0.21 and a 52-week high of $1.65.

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($0.15) earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings raised Greenland Mines Ltd. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 9th. Wall Street Zen raised shares of Greenland Mines Ltd. Common Stock to a “sell” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Greenland Mines Ltd. Common Stock

Several hedge funds have recently made changes to their positions in GRML. Brummer Multi Strategy AB acquired a new stake in shares of Greenland Mines Ltd. Common Stock during the fourth quarter worth about $175,000. Renaissance Technologies LLC purchased a new position in Greenland Mines Ltd. Common Stock during the 4th quarter worth approximately $126,000. Jane Street Group LLC acquired a new position in Greenland Mines Ltd. Common Stock during the fourth quarter worth approximately $64,000. Geode Capital Management LLC lifted its stake in Greenland Mines Ltd. Common Stock by 51.8% in the fourth quarter. Geode Capital Management LLC now owns 491,832 shares of the company’s stock valued at $142,000 after buying an additional 167,905 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of Greenland Mines Ltd. Common Stock by 101.2% in the fourth quarter. XTX Topco Ltd now owns 160,569 shares of the company’s stock valued at $46,000 after acquiring an additional 80,768 shares during the period. Hedge funds and other institutional investors own 20.07% of the company’s stock.

Greenland Mines Ltd. Common Stock Company Profile

Greenland Mines Ltd develops essential medicines for the treatment of chronic diseases – cancer, cardiovascular, and neurodegenerative disorders. The Company operates as a single reporting segment focused on developing essential medicines for these chronic diseases. The Company has acquired two licensed platforms: a generic drug portfolio and a biosimilar biologics platform that uses biologic therapies to treat cancer, and proprietary patented technologies involving melanocortin receptor-binding molecules and a gene therapy platform that introduces a therapeutic protein called Klotho inside the body to treat neurodegenerative diseases.