Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Stock Price Up 16.3% – Here’s What Happened

Greenlane Renewables Inc. (GRN.V) (CVE:GRN) shares were up 16.3% during trading on Monday . The stock traded as high as C$2.80 and last traded at C$2.78. Approximately 3,044,708 shares were traded during mid-day 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 firm has a market capitalization of C$368.17 million and a P/E ratio of -102.96. The company has a 50-day simple moving average of C$2.78 and a two-hundred day simple moving average of C$2.78. The company has a debt-to-equity ratio of 35.74, a quick ratio of 0.77 and a current ratio of 0.98.

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.