Insider Buying: Greenland Energy (NASDAQ:GLND) Director Purchases $38,400.00 in Stock

Greenland Energy Co (NASDAQ:GLND) Director Larry Swets, Jr. purchased 15,000 shares of the stock in a transaction on Thursday, June 25th. The stock was acquired at an average cost of $2.56 per share, for a total transaction of $38,400.00. Following the acquisition, the director directly owned 585,000 shares in the company, valued at approximately $1,497,600. This trade represents a 2.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Greenland Energy Stock Down 1.0%

Shares of GLND opened at $2.48 on Monday. Greenland Energy Co has a 1 year low of $2.44 and a 1 year high of $23.00.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GLND shares. ThinkEquity started coverage on shares of Greenland Energy in a research note on Monday, June 15th. They issued a “buy” rating on the stock. Wall Street Zen upgraded shares of Greenland Energy to a “sell” rating in a research report on Saturday, May 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Greenland Energy Company Profile

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.