Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Stock Price Up 16.3% – Time to Buy?

Shares of Greenlane Renewables Inc. (GRN.V) (CVE:GRN) rose 16.3% on Friday . The stock traded as high as C$2.80 and last traded at C$2.78. Approximately 3,044,708 shares were traded during trading, an increase of 81% from the average daily volume of 1,677,592 shares. The stock had previously closed at C$2.39.

Greenlane Renewables Inc. (GRN.V) Trading Up 16.3 %

The company has a debt-to-equity ratio of 35.74, a current ratio of 0.98 and a quick ratio of 0.77. The stock has a market capitalization of C$368.17 million and a price-to-earnings ratio of -102.96. The business has a 50 day simple moving average of C$2.78 and a 200-day simple moving average of C$2.78.

Insider Buying and Selling

In related news, Senior Officer Monty Balderston sold 343,273 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$0.11, for a total value of C$37,760.03. Also, Director Brad Donald Douville sold 407,026 shares of Greenlane Renewables Inc. (GRN.V) stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$0.09, for a total value of C$36,632.34. In the last three months, insiders sold 953,557 shares of company stock valued at $95,112.

About Greenlane Renewables Inc. (GRN.V)

Greenlane Renewables Inc provides biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and food waste facilities for injection into the natural gas grid or for direct use as vehicle fuel.