Greenlane Renewables (TSE:GRN) Director Sells C$12,607.40 in Stock

Greenlane Renewables Inc. (TSE:GRN) Director Candice Alderson sold 63,037 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of C$0.20, for a total value of C$12,607.40. Following the transaction, the director directly owned 203,798 shares in the company, valued at C$40,759.60. This represents a 23.62% decrease in their position.

Greenlane Renewables Price Performance

GRN stock opened at C$0.20 on Friday. The firm has a 50 day simple moving average of C$0.22 and a two-hundred day simple moving average of C$0.23. The stock has a market cap of C$31.16 million, a PE ratio of -6.50, a P/E/G ratio of -555.67 and a beta of 3.63. Greenlane Renewables Inc. has a one year low of C$0.17 and a one year high of C$0.32. The company has a debt-to-equity ratio of 11.71, a current ratio of 1.54 and a quick ratio of 2.05.

Greenlane Renewables (TSE:GRN) last posted its quarterly earnings data on Thursday, August 13th. The company reported C($0.01) earnings per share for the quarter. Greenlane Renewables had a negative net margin of 10.01% and a negative return on equity of 18.95%. The company had revenue of C$11.31 million for the quarter. On average, analysts predict that Greenlane Renewables Inc. will post 0.000286 EPS for the current fiscal year.

Greenlane Renewables Company Profile

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.