Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Share Price Passes Above 50 Day Moving Average of $2.78

Greenlane Renewables Inc. (GRN.V) (CVE:GRN) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$2.78 and traded as high as C$2.80. Greenlane Renewables Inc. (GRN.V) shares last traded at C$2.78, with a volume of 3,044,708 shares traded.

A number of analysts have recently issued reports on GRN shares. Eight Capital set a C$2.25 price target on shares of Greenlane Renewables Inc. (GRN.V) and gave the stock a “buy” rating in a research report on Friday, July 30th. TD Securities set a C$2.50 price objective on shares of Greenlane Renewables Inc. (GRN.V) and gave the company a “speculative buy” rating in a research report on Wednesday, September 1st. HC Wainwright set a C$4.00 price objective on shares of Greenlane Renewables Inc. (GRN.V) and gave the company a “buy” rating in a research report on Friday, July 23rd. Finally, Raymond James set a C$3.50 price objective on shares of Greenlane Renewables Inc. (GRN.V) and gave the company a “strong-buy” rating in a research report on Wednesday, May 19th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$2.61.

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 company’s 50 day moving average is C$2.78 and its two-hundred day moving average is C$2.78. The firm has a market cap of C$368.17 million and a P/E ratio of -102.96.

About Greenlane Renewables Inc. (GRN.V) (CVE:GRN)

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.

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