Greenlane Renewables (TSE:GRN) Stock Price Up 12.5%

Greenlane Renewables Inc. (TSE:GRNGet Free Report)’s share price rose 12.5% during trading on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 113,851 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 128,898 shares. The stock had previously closed at C$0.08.

Greenlane Renewables Stock Up 12.5 %

The business has a 50-day moving average of C$0.09 and a 200-day moving average of C$0.12. The company has a debt-to-equity ratio of 7.71, a quick ratio of 2.05 and a current ratio of 1.68. The stock has a market capitalization of C$13.86 million, a price-to-earnings ratio of -0.47, a P/E/G ratio of -555.67 and a beta of 2.44.

Greenlane Renewables (TSE:GRNGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported C($0.01) EPS for the quarter, hitting analysts’ consensus estimates of C($0.01). Greenlane Renewables had a negative return on equity of 75.09% and a negative net margin of 51.16%. The company had revenue of C$18.13 million for the quarter, compared to analysts’ expectations of C$16.20 million. On average, sell-side analysts expect that Greenlane Renewables Inc. will post 0.0004 EPS for the current year.

Greenlane Renewables Company Profile

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

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