Greenlane Renewables (TSE:GRN) Stock Price Up 2.1% – Still a Buy?

Shares of Greenlane Renewables Inc. (TSE:GRN) rose 2.1% during mid-day trading on Monday . The stock traded as high as C$0.24 and last traded at C$0.24. Approximately 44,118 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 193,773 shares. The stock had previously closed at C$0.24.

Greenlane Renewables Price Performance

The company has a fifty day moving average of C$0.25 and a 200-day moving average of C$0.19. The company has a current ratio of 1.46, a quick ratio of 2.05 and a debt-to-equity ratio of 9.77. The stock has a market cap of C$37.13 million, a PE ratio of 23.50, a P/E/G ratio of -555.67 and a beta of 4.25.

Greenlane Renewables (TSE:GRN) last released its earnings results on Thursday, November 13th. The company reported C$0.00 earnings per share for the quarter. The company had revenue of C$11.55 million during the quarter. Greenlane Renewables had a negative return on equity of 88.83% and a negative net margin of 35.09%. Sell-side analysts expect that Greenlane Renewables Inc. will post 0.000286 EPS for the current fiscal year.

Greenlane Renewables Company Profile

Greenlane Renewables Inc is a provider of biogas upgrading systems. Its systems produce clean, renewable natural gas from organic waste sources, including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel.