Greenlane Renewables (TSE:GRN) Shares Climb 9.1% – Time to Buy?

Greenlane Renewables Inc. (TSE:GRN) shares shot up 9.1% during trading on Wednesday. The company traded as high as C$0.18 and last traded at C$0.18. 107,111 shares were traded during trading, an increase of 7% from the average daily volume of 99,739 shares. The stock had previously closed at C$0.17.

Greenlane Renewables Trading Up 9.1%

The company has a quick ratio of 2.05, a current ratio of 1.54 and a debt-to-equity ratio of 11.71. The firm has a 50 day moving average price of C$0.19 and a 200 day moving average price of C$0.22. The stock has a market capitalization of C$28.76 million, a PE ratio of -6.00, a P/E/G ratio of -555.67 and a beta of 3.66.

Greenlane Renewables (TSE:GRN) last announced its quarterly earnings results on Thursday, August 13th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company 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%. Equities analysts expect that Greenlane Renewables Inc. will post 0.00 EPS for the current fiscal year.

About Greenlane Renewables

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.