Greenlane Renewables (TSE:GRN) Director Candice Alderson Sells 63,037 Shares of Stock

Greenlane Renewables Inc. (TSE:GRN) Director Candice Alderson sold 63,037 shares of Greenlane Renewables stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of C$0.20, for a total value of C$12,607.40. Following the transaction, the director owned 203,798 shares in the company, valued at approximately C$40,759.60. The trade was a 23.62% decrease in their position.

Greenlane Renewables Stock Performance

TSE GRN opened at C$0.19 on Friday. The company has a debt-to-equity ratio of 11.71, a quick ratio of 2.05 and a current ratio of 1.54. The stock’s fifty day moving average is C$0.22 and its two-hundred day moving average is C$0.23. The firm has a market capitalization of C$30.36 million, a P/E ratio of -6.33, a price-to-earnings-growth ratio of -555.67 and a beta of 3.63. Greenlane Renewables Inc. has a fifty-two week low of C$0.17 and a fifty-two week high of C$0.32.

Greenlane Renewables (TSE:GRN) last released its quarterly earnings data on Thursday, August 13th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$11.31 million for the quarter. Greenlane Renewables had a negative return on equity of 18.95% and a negative net margin of 10.01%. On average, research analysts anticipate that Greenlane Renewables Inc. will post 0.000286 earnings per share for the current year.

Greenlane Renewables Company Profile

Greenlane is driving change: accelerating the energy transition. We are cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transportation. As a pioneer and leading global specialist in biogas desulfurization and upgrading, we have been actively contributing to the decarbonization of our planet for over 35 years with more than 355 systems supplied into 28 countries. We transform biogas generated from organic waste into high-value grid-ready renewable natural gas (‘RNG’) from a wide range of sources such as landfills, sugar mills, dairy farms, wastewater, and food waste.