Insider Selling: Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Director 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 dated Tuesday, November 19th. The stock was sold at an average price of C$0.10, for a total transaction of C$16,666.60.

Greenlane Renewables Inc. (GRN.V) Price Performance

Greenlane Renewables Inc. (GRN.V) stock traded up C$0.39 during trading hours on Thursday, hitting C$2.78. 3,044,708 shares of the company traded hands, compared to its average volume of 1,677,592. The firm has a market cap of C$368.17 million and a P/E ratio of -102.96. The company has a quick ratio of 0.77, a current ratio of 0.98 and a debt-to-equity ratio of 35.74. The firm’s 50-day simple moving average is C$2.78 and its two-hundred day simple moving average is C$2.78. Greenlane Renewables Inc. has a 1-year low of C$0.19 and a 1-year high of C$2.90.

Analysts Set New Price Targets

Separately, TD Securities cut shares of Greenlane Renewables Inc. (GRN.V) from a “hold” rating to a “sell” rating and dropped their price objective for the stock from C$0.10 to C$0.05 in a report 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.