Greenlane Renewables (TSE:GRN) Stock Price Down 13% – Here’s Why

Greenlane Renewables Inc. (TSE:GRN)’s stock price fell 13% during trading on Tuesday . The company traded as low as C$0.10 and last traded at C$0.10. 111,280 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 135,151 shares. The stock had previously closed at C$0.12.

Wall Street Analysts Forecast Growth

Separately, TD Securities downgraded Greenlane Renewables from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 8th.

Greenlane Renewables Stock Down 21.7 %

The company has a debt-to-equity ratio of 9.17, a quick ratio of 2.05 and a current ratio of 1.48. The stock has a market cap of C$13.87 million, a P/E ratio of -0.72, a price-to-earnings-growth ratio of -555.67 and a beta of 2.50. The company’s fifty day moving average price is C$0.07 and its 200-day moving average price is C$0.08.

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.