Greenlane Renewables (TSE:GRN) Trading Down 4.3% – What’s Next?

Shares of Greenlane Renewables Inc. (TSE:GRN) fell 4.3% during trading on Wednesday . The stock traded as low as C$0.22 and last traded at C$0.22. 60,459 shares were traded during mid-day trading, a decline of 45% from the average session volume of 110,838 shares. The stock had previously closed at C$0.23.

Greenlane Renewables Trading Up 4.4%

The company has a debt-to-equity ratio of 11.25, a quick ratio of 2.05 and a current ratio of 1.61. The stock has a market capitalization of C$37.50 million, a P/E ratio of -23.50, a price-to-earnings-growth ratio of -555.67 and a beta of 3.68. The firm’s fifty day simple moving average is C$0.24 and its 200 day simple moving average is C$0.24.

Greenlane Renewables (TSE:GRN) last released its earnings results on Thursday, March 12th. The company reported C($0.01) EPS for the quarter. Greenlane Renewables had a negative net margin of 2.35% and a negative return on equity of 4.33%. The firm had revenue of C$10.80 million during the quarter. As a group, equities research analysts forecast that Greenlane Renewables Inc. will post 0.000286 EPS for the current fiscal 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.