Greenlane Renewables (TSE:GRN) Trading Down 2.2% – Here’s Why

Greenlane Renewables Inc. (TSE:GRN) was down 2.2% during trading on Monday . The stock traded as low as C$0.22 and last traded at C$0.22. Approximately 81,947 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 114,700 shares. The stock had previously closed at C$0.23.

Greenlane Renewables Trading Down 2.2%

The firm has a market cap of C$35.12 million, a P/E ratio of -22.00, a PEG ratio of -555.67 and a beta of 3.70. The company has a 50 day moving average of C$0.23 and a 200 day moving average of C$0.23. The company has a debt-to-equity ratio of 11.69, a quick ratio of 2.05 and a current ratio of 1.54.

Greenlane Renewables (TSE:GRN) last announced its quarterly earnings results on Thursday, May 14th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$9.54 million during the quarter. Greenlane Renewables had a negative net margin of 4.32% and a negative return on equity of 8.55%. Analysts predict that Greenlane Renewables Inc. will post 0.000286 EPS for the current fiscal 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.