Greenlane Renewables (TSE:GRN) Shares Climb 14.3% – What’s Next?

Greenlane Renewables Inc. (TSE:GRN)’s share price rose 14.3% during mid-day trading on Friday. The company traded as high as C$0.20 and last traded at C$0.20. 189,328 shares were traded during trading, an increase of 92% from the average session volume of 98,479 shares. The stock had previously closed at C$0.17.

Greenlane Renewables Stock Performance

The company has a quick ratio of 2.05, a current ratio of 1.54 and a debt-to-equity ratio of 11.71. The firm has a market capitalization of C$31.96 million, a P/E ratio of -6.67, a price-to-earnings-growth ratio of -555.67 and a beta of 3.84. The company’s 50 day moving average is C$0.18 and its 200-day moving average is C$0.21.

Greenlane Renewables (TSE:GRN) last posted its quarterly earnings results on Thursday, August 13th. The company reported C($0.01) earnings per share for the quarter. Greenlane Renewables had a negative net margin of 10.01% and a negative return on equity of 18.95%. The company had revenue of C$11.31 million during the quarter. As a group, equities analysts anticipate that Greenlane Renewables Inc. will post 0.00 EPS for the current year.

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.