Greenlane Renewables (TSE:GRN) Issues Earnings Results

Greenlane Renewables (TSE:GRN) released its earnings results on Thursday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$10.80 million during the quarter. Greenlane Renewables had a net margin of 5.58% and a return on equity of 9.74%.

Greenlane Renewables Trading Down 1.8%

GRN stock opened at C$0.28 on Friday. The firm has a market cap of C$43.45 million, a P/E ratio of 27.50, a P/E/G ratio of -555.67 and a beta of 4.40. Greenlane Renewables has a 1-year low of C$0.08 and a 1-year high of C$0.33. The business’s 50 day moving average is C$0.23 and its 200-day moving average is C$0.25. The company has a current ratio of 1.70, a quick ratio of 2.05 and a debt-to-equity ratio of 10.07.

Greenlane Renewables Company Profile

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.