Greenlane Renewables (TSE:GRN) Shares Up 12.5%

Greenlane Renewables Inc. (TSE:GRN)’s stock price traded up 12.5% during trading on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09. 113,851 shares were traded during trading, a decline of 12% from the average session volume of 128,898 shares. The stock had previously closed at C$0.08.

Greenlane Renewables Trading Up 12.5 %

The company has a current ratio of 1.68, a quick ratio of 2.05 and a debt-to-equity ratio of 7.71. The stock has a market capitalization of C$13.86 million, a P/E ratio of -0.47, a P/E/G ratio of -555.67 and a beta of 2.44. The business’s fifty day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.12.

Greenlane Renewables (TSE:GRN) last released its earnings results on Thursday, May 9th. The company reported C($0.01) earnings per share for the quarter, meeting the consensus estimate of C($0.01). The business had revenue of C$18.13 million during the quarter, compared to analysts’ expectations of C$16.20 million. Greenlane Renewables had a negative net margin of 51.16% and a negative return on equity of 75.09%. As a group, analysts forecast that Greenlane Renewables Inc. will post 0.0004 earnings per share for the current year.

About Greenlane Renewables

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