Riad Hussein El-Dada Sells 175,000 Shares of Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Stock

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Riad Hussein El-Dada sold 175,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $0.23, for a total value of $40,250.00. Following the completion of the transaction, the director owned 175,000 shares of the company’s stock, valued at $40,250. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Greenland Mines Ltd. Common Stock Stock Performance

Shares of GRML opened at $0.26 on Friday. Greenland Mines Ltd. Common Stock has a twelve month low of $0.21 and a twelve month high of $1.65. The firm’s 50 day moving average price is $0.38 and its two-hundred day moving average price is $0.39. The firm has a market cap of $35.35 million, a P/E ratio of -0.80 and a beta of 6.94.

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) last issued its quarterly earnings data on Wednesday, May 20th. The company reported ($0.15) earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GRML shares. Wall Street Zen raised Greenland Mines Ltd. Common Stock to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded Greenland Mines Ltd. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Greenland Mines Ltd. Common Stock

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in shares of Greenland Mines Ltd. Common Stock in the 2nd quarter valued at about $26,000. XTX Topco Ltd boosted its position in Greenland Mines Ltd. Common Stock by 101.2% during the fourth quarter. XTX Topco Ltd now owns 160,569 shares of the company’s stock valued at $46,000 after purchasing an additional 80,768 shares during the last quarter. Geode Capital Management LLC boosted its position in Greenland Mines Ltd. Common Stock by 51.8% during the fourth quarter. Geode Capital Management LLC now owns 491,832 shares of the company’s stock valued at $142,000 after purchasing an additional 167,905 shares during the last quarter. Renaissance Technologies LLC bought a new position in Greenland Mines Ltd. Common Stock in the fourth quarter valued at approximately $126,000. Finally, Brummer Multi Strategy AB bought a new position in Greenland Mines Ltd. Common Stock in the fourth quarter valued at approximately $175,000. 20.07% of the stock is currently owned by institutional investors and hedge funds.

About Greenland Mines Ltd. Common Stock

Greenland Mines Ltd develops essential medicines for the treatment of chronic diseases – cancer, cardiovascular, and neurodegenerative disorders. The Company operates as a single reporting segment focused on developing essential medicines for these chronic diseases. The Company has acquired two licensed platforms: a generic drug portfolio and a biosimilar biologics platform that uses biologic therapies to treat cancer, and proprietary patented technologies involving melanocortin receptor-binding molecules and a gene therapy platform that introduces a therapeutic protein called Klotho inside the body to treat neurodegenerative diseases.