Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Purchases $55,200.00 in Stock

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Jason David Sawyer bought 240,000 shares of Greenland Mines Ltd. Common Stock stock in a transaction on Wednesday, July 22nd. The shares were bought at an average price of $0.23 per share, for a total transaction of $55,200.00. Following the acquisition, the director owned 240,000 shares of the company’s stock, valued at approximately $55,200. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Greenland Mines Ltd. Common Stock Trading Up 3.2%

Greenland Mines Ltd. Common Stock stock opened at $0.20 on Friday. The firm has a market capitalization of $27.09 million, a P/E ratio of -0.61 and a beta of 7.05. The business has a 50-day moving average of $0.27 and a 200-day moving average of $0.37. Greenland Mines Ltd. Common Stock has a 1 year low of $0.16 and a 1 year high of $1.04.

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($0.15) earnings per share for the quarter.

Institutional Trading of Greenland Mines Ltd. Common Stock

Large investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in Greenland Mines Ltd. Common Stock during the 2nd quarter worth approximately $26,000. XTX Topco Ltd boosted its holdings in shares of Greenland Mines Ltd. Common Stock by 101.2% in the fourth quarter. XTX Topco Ltd now owns 160,569 shares of the company’s stock valued at $46,000 after buying an additional 80,768 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Greenland Mines Ltd. Common Stock during the fourth quarter worth $126,000. Geode Capital Management LLC increased its position in shares of Greenland Mines Ltd. Common Stock by 51.8% during the fourth quarter. Geode Capital Management LLC now owns 491,832 shares of the company’s stock worth $142,000 after acquiring an additional 167,905 shares in the last quarter. Finally, Brummer Multi Strategy AB bought a new stake in shares of Greenland Mines Ltd. Common Stock during the fourth quarter worth $175,000. 20.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Greenland Mines Ltd. Common Stock to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded Greenland Mines Ltd. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Greenland Mines Ltd. Common Stock has an average rating of “Sell”.

About Greenland Mines Ltd. Common Stock

Greenland Mines Ltd develops essential medicines for the treatment of chronic diseases – cancer, cardiovascular, and neurodegenerative disorders. The Company operates as a single reporting segment focused on developing essential medicines for these chronic diseases. The Company has acquired two licensed platforms: a generic drug portfolio and a biosimilar biologics platform that uses biologic therapies to treat cancer, and proprietary patented technologies involving melanocortin receptor-binding molecules and a gene therapy platform that introduces a therapeutic protein called Klotho inside the body to treat neurodegenerative diseases.