Jeff Leblanc Buys 14,000 Shares of Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Stock

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) CFO Jeff Leblanc purchased 14,000 shares of Greenland Mines Ltd. Common Stock stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired at an average cost of $9.72 per share, with a total value of $136,080.00. Following the acquisition, the chief financial officer directly owned 110,406 shares of the company’s stock, valued at $1,073,146.32. The trade was a 14.52% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Greenland Mines Ltd. Common Stock Stock Down 48.1%

GRML stock opened at $5.04 on Thursday. Greenland Mines Ltd. Common Stock has a 52-week low of $5.00 and a 52-week high of $38.00. The stock’s 50 day moving average is $10.64 and its two-hundred day moving average is $17.51. The company has a market capitalization of $16.03 million, a PE ratio of -15.75 and a beta of 7.13.

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) last released its earnings results on Monday, August 17th. The company reported ($1.50) EPS for the quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GRML shares. 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 cut shares of Greenland Mines Ltd. Common Stock from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Greenland Mines Ltd. Common Stock has a consensus rating of “Sell”.

Institutional Trading of Greenland Mines Ltd. Common Stock

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in shares of Greenland Mines Ltd. Common Stock in the 2nd quarter worth approximately $26,000. XTX Topco Ltd lifted its stake in 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 buying an additional 80,768 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Greenland Mines Ltd. Common Stock during the fourth quarter valued at $126,000. Geode Capital Management LLC boosted its holdings 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 valued at $142,000 after acquiring an additional 167,905 shares during the period. Finally, Brummer Multi Strategy AB bought a new position in shares of Greenland Mines Ltd. Common Stock during the fourth quarter worth about $175,000. Institutional investors own 20.07% of the company’s stock.

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.