Greenlane Renewables (TSE:GRN) Trading Up 11.1%

Greenlane Renewables Inc. (TSE:GRN) shares traded up 11.1% during trading on Friday . The company traded as high as C$0.10 and last traded at C$0.10. 201,000 shares were traded during trading, an increase of 56% from the average session volume of 129,145 shares. The stock had previously closed at C$0.09.

Greenlane Renewables Stock Up 11.1 %

The stock has a fifty day moving average of C$0.09 and a 200 day moving average of C$0.11. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.68 and a quick ratio of 2.05. The firm has a market capitalization of C$15.40 million, a P/E ratio of -0.47, a price-to-earnings-growth ratio of -555.67 and a beta of 2.44.

Greenlane Renewables (TSE:GRN) last released its earnings results on Thursday, May 9th. The company reported C($0.01) EPS for the quarter, hitting analysts’ consensus estimates of C($0.01). The company had revenue of C$18.13 million for the quarter, compared to analysts’ expectations of C$16.20 million. Greenlane Renewables had a negative return on equity of 75.09% and a negative net margin of 51.16%. On average, research analysts anticipate that Greenlane Renewables Inc. will post 0.0004 EPS for the current fiscal year.

About Greenlane Renewables

Greenlane Renewables Inc provides biogas upgrading systems worldwide. Its systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from biomethane 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.