Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Trading Up 16.3% – Should You Buy?

Greenlane Renewables Inc. (GRN.V) (CVE:GRN) was up 16.3% during trading on Thursday . The stock traded as high as C$2.80 and last traded at C$2.78. Approximately 3,044,708 shares traded hands during trading, an increase of 81% from the average daily volume of 1,677,592 shares. The stock had previously closed at C$2.39.

Greenlane Renewables Inc. (GRN.V) Stock Performance

The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of 35.74. The firm has a fifty day moving average price of C$2.78 and a 200 day moving average price of C$2.78. The firm has a market cap of C$368.17 million and a PE ratio of -102.96.

Insider Transactions at Greenlane Renewables Inc. (GRN.V)

In other Greenlane Renewables Inc. (GRN.V) news, Director Brad Donald Douville sold 407,026 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$0.09, for a total transaction of C$36,632.34. Also, Senior Officer Monty Balderston sold 343,273 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$0.11, for a total transaction of C$37,760.03. Insiders have sold a total of 1,120,223 shares of company stock worth $111,779 in the last quarter.

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.