Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Issues Quarterly Earnings Results

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) announced its quarterly earnings data on Monday. The company reported ($0.03) earnings per share for the quarter, Zacks reports.

Greenland Mines Ltd. Common Stock Stock Down 5.6%

Shares of NASDAQ:GRML opened at $0.19 on Wednesday. The firm has a 50 day moving average of $0.23 and a 200 day moving average of $0.35. The company has a market capitalization of $25.97 million, a price-to-earnings ratio of -0.59 and a beta of 7.13. Greenland Mines Ltd. Common Stock has a 52 week low of $0.16 and a 52 week high of $0.81.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Greenland Mines Ltd. Common Stock to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded Greenland Mines Ltd. Common Stock from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Greenland Mines Ltd. Common Stock presently has an average rating of “Sell”.

Insiders Place Their Bets

In related news, Director Jason David Sawyer purchased 240,000 shares of Greenland Mines Ltd. Common Stock stock in a transaction dated Wednesday, July 22nd. The stock was purchased at an average cost of $0.23 per share, with a total value of $55,200.00. Following the transaction, the director owned 240,000 shares in the company, valued at approximately $55,200. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Riad Hussein El-Dada sold 175,000 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $0.23, for a total value of $40,250.00. Following the sale, the director owned 175,000 shares of the company’s stock, valued at $40,250. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 11.30% of the company’s stock.

Institutional Trading of Greenland Mines Ltd. Common Stock

A number of institutional investors have recently modified their holdings of GRML. Jane Street Group LLC bought a new position in shares of Greenland Mines Ltd. Common Stock during the 2nd quarter worth approximately $26,000. Geode Capital Management LLC increased its position in shares of Greenland Mines Ltd. Common Stock by 51.8% during the fourth quarter. Geode Capital Management LLC now owns 491,832 shares of the company’s stock worth $142,000 after purchasing an additional 167,905 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Greenland Mines Ltd. Common Stock during the 4th quarter valued at $126,000. Finally, XTX Topco Ltd boosted its position in shares of Greenland Mines Ltd. Common Stock by 101.2% in the 4th quarter. XTX Topco Ltd now owns 160,569 shares of the company’s stock worth $46,000 after purchasing an additional 80,768 shares in the last quarter. 20.07% of the stock is currently owned by institutional investors.

About Greenland Mines Ltd. Common Stock

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.