Insider Selling: Greenlane Renewables (TSE:GRN) Director Sells C$12,607.40 in Stock

Greenlane Renewables Inc. (TSE:GRN) Director David Demers 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 transaction of C$12,607.40. Following the completion of the transaction, the director directly owned 3,431,267 shares in the company, valued at approximately C$686,253.40. This trade represents a 1.80% decrease in their ownership of the stock.

Greenlane Renewables Trading Down 2.6%

Shares of TSE:GRN traded down C$0.01 during mid-day trading on Thursday, hitting C$0.19. The stock had a trading volume of 29,176 shares, compared to its average volume of 107,554. 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 company has a market cap of C$30.36 million, a PE ratio of -6.33, a P/E/G ratio of -555.67 and a beta of 3.76. Greenlane Renewables Inc. has a 12-month low of C$0.17 and a 12-month high of C$0.32. The company’s 50 day moving average is C$0.22 and its 200-day moving average is C$0.23.

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