Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Director Brad Donald Douville Sells 407,026 Shares

Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Director Brad Donald Douville sold 407,026 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$0.09, for a total value of C$36,632.34.

Greenlane Renewables Inc. (GRN.V) Price Performance

Shares of Greenlane Renewables Inc. (GRN.V) stock opened at C$2.78 on Friday. The stock has a market capitalization of C$368.17 million and a price-to-earnings ratio of -102.96. The firm’s 50-day moving average price is C$2.78 and its two-hundred day moving average price is C$2.78. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of 35.74. Greenlane Renewables Inc. has a 1-year low of C$0.19 and a 1-year high of C$2.90.

Analyst Upgrades and Downgrades

Separately, TD Securities downgraded shares of Greenlane Renewables Inc. (GRN.V) from a “hold” rating to a “sell” rating and reduced their target price for the company from C$0.10 to C$0.05 in a research note on Thursday, August 8th.

Greenlane Renewables Inc. (GRN.V) Company Profile

Greenlane Renewables Inc provides biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and food waste facilities for injection into the natural gas grid or for direct use as vehicle fuel.