Insider Buying: Greenland Energy (NASDAQ:GLND) Director Purchases 10,000 Shares of Stock

Greenland Energy Co (NASDAQ:GLND) Director Larry Swets, Jr. purchased 10,000 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was bought at an average cost of $2.77 per share, for a total transaction of $27,700.00. Following the completion of the purchase, the director directly owned 570,000 shares in the company, valued at approximately $1,578,900. This trade represents a 1.79% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Greenland Energy Stock Up 6.9%

Greenland Energy stock traded up $0.18 during trading hours on Monday, reaching $2.80. The company had a trading volume of 875,356 shares, compared to its average volume of 1,076,910. Greenland Energy Co has a 12-month low of $2.55 and a 12-month high of $23.00.

Greenland Energy (NASDAQ:GLND) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.04) EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Greenland Energy to a “sell” rating in a research note on Saturday, May 30th.

About Greenland Energy

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.