Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Director Ian Jack Kane Sells 166,666 Shares of Stock

Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Director Ian Jack Kane sold 166,666 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$0.10, for a total value of C$16,666.60.

Greenlane Renewables Inc. (GRN.V) Trading Up 16.3 %

GRN stock traded up C$0.39 during mid-day trading on Friday, reaching C$2.78. The company had a trading volume of 3,044,708 shares, compared to its average volume of 1,677,592. The company has a debt-to-equity ratio of 35.74, a current ratio of 0.98 and a quick ratio of 0.77. The company has a market capitalization of C$368.17 million and a PE ratio of -102.96. The firm has a 50 day moving average of C$2.78 and a 200 day moving average of C$2.78. Greenlane Renewables Inc. has a 12 month low of C$0.19 and a 12 month high of C$2.90.

Analyst Ratings Changes

Separately, TD Securities downgraded shares of Greenlane Renewables Inc. (GRN.V) from a “hold” rating to a “sell” rating and decreased their price target 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.