Greenlane Renewables (TSE:GRN) Announces Quarterly Earnings Results

Greenlane Renewables (TSE:GRN) announced its earnings results on Thursday. The company reported C$0.00 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$11.55 million for the quarter. Greenlane Renewables had a negative return on equity of 88.83% and a negative net margin of 35.09%.

Greenlane Renewables Stock Up 2.0%

GRN traded up C$0.01 on Friday, hitting C$0.26. The company had a trading volume of 69,899 shares, compared to its average volume of 191,533. The stock has a market capitalization of C$40.81 million, a price-to-earnings ratio of -1.92, a P/E/G ratio of -555.67 and a beta of 4.24. The stock has a fifty day moving average price of C$0.27 and a 200-day moving average price of C$0.17. Greenlane Renewables has a 12-month low of C$0.08 and a 12-month high of C$0.33. The company has a debt-to-equity ratio of 9.77, a quick ratio of 2.05 and a current ratio of 1.46.

Insider Activity

In other news, Director Candice Alderson sold 142,340 shares of Greenlane Renewables stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of C$0.24, for a total value of C$34,161.60. Following the transaction, the director owned 97,856 shares of the company’s stock, valued at C$23,485.44. The trade was a 59.26% decrease in their position. Over the last quarter, insiders have sold 209,683 shares of company stock valued at $50,862. 9.08% of the stock is owned by insiders.

Greenlane Renewables Company Profile

Greenlane Renewables Inc is a provider of biogas upgrading systems. Its systems produce clean, renewable natural gas from organic waste sources, including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel.