Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Shares Up 16.3% – What’s Next?

Greenlane Renewables Inc. (GRN.V) (CVE:GRN)’s stock price rose 16.3% during mid-day trading on Thursday . The company traded as high as C$2.80 and last traded at C$2.78. Approximately 3,044,708 shares were traded during trading, an increase of 81% from the average daily volume of 1,677,592 shares. The stock had previously closed at C$2.39.

Greenlane Renewables Inc. (GRN.V) Price Performance

The company has a fifty day simple moving average of C$2.78 and a two-hundred day simple moving average of C$2.78. The stock has a market capitalization of C$368.17 million and a price-to-earnings ratio of -102.96. The company has a debt-to-equity ratio of 35.74, a quick ratio of 0.77 and a current ratio of 0.98.

Greenlane Renewables Inc. (GRN.V) Company Profile

Greenlane Renewables Inc provides biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and food waste facilities for injection into the natural gas grid or for direct use as vehicle fuel. It offers water wash, pressure swing adsorption, and membrane separation technologies. The company markets and sells its upgrading systems under the Greenlane Biogas brand.