Greenlane Renewables (TSE:GRN) Stock Price Down 4.2%

Greenlane Renewables Inc. (TSE:GRNGet Rating) shares traded down 4.2% during mid-day trading on Thursday . The stock traded as low as C$0.67 and last traded at C$0.68. 182,521 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 293,778 shares. The stock had previously closed at C$0.71.

The company’s 50 day moving average price is C$0.84 and its 200-day moving average price is C$1.03. The company has a market cap of C$102.44 million and a price-to-earnings ratio of -23.45. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.96 and a current ratio of 2.12.

Greenlane Renewables (TSE:GRNGet Rating) last announced its earnings results on Thursday, May 12th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$16.27 million for the quarter, compared to the consensus estimate of C$15.81 million. As a group, sell-side analysts forecast that Greenlane Renewables Inc. will post 0.01 earnings per share for the current year.

Greenlane Renewables Company Profile (TSE:GRN)

Greenlane Renewables Inc designs, develops, sells, and services a range of 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 for injection food waste facilities into the natural gas grid or for direct use as vehicle fuel.

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