Greenlane Renewables (TSE:GRN) Shares Down 2.4% – What’s Next?

Shares of Greenlane Renewables Inc. (TSE:GRN) traded down 2.4% during trading on Tuesday . The stock traded as low as C$0.20 and last traded at C$0.20. 56,900 shares changed hands during trading, a decline of 48% from the average daily volume of 108,407 shares. The stock had previously closed at C$0.21.

Greenlane Renewables Trading Down 2.4%

The stock has a market capitalization of C$32.72 million, a P/E ratio of -20.50, a price-to-earnings-growth ratio of -555.67 and a beta of 3.76. The company has a current ratio of 1.54, a quick ratio of 2.05 and a debt-to-equity ratio of 11.69. The stock’s fifty day moving average price is C$0.22 and its two-hundred day moving average price is C$0.23.

Greenlane Renewables (TSE:GRN) last released its earnings results on Thursday, May 14th. The company reported C($0.01) EPS for the quarter. Greenlane Renewables had a negative net margin of 4.32% and a negative return on equity of 8.55%. The business had revenue of C$9.54 million for the quarter. Equities research analysts forecast that Greenlane Renewables Inc. will post 0.000286 EPS for the current 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.