Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Shares Up 16.3% – Still a Buy?

Greenlane Renewables Inc. (GRN.V) (CVE:GRN)’s share price shot up 16.3% during trading on Monday . The company traded as high as C$2.80 and last traded at C$2.78. 3,044,708 shares traded hands during trading, an increase of 81% from the average session volume of 1,677,592 shares. The stock had previously closed at C$2.39.

Greenlane Renewables Inc. (GRN.V) Stock Performance

The business has a 50 day moving average of C$2.78 and a 200 day moving average of C$2.78. The company has a market capitalization of C$368.17 million and a P/E ratio of -102.96. The company has a quick ratio of 0.77, a current ratio of 0.98 and a debt-to-equity ratio of 35.74.

About Greenlane Renewables Inc. (GRN.V)

Greenlane Renewables Inc provides 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 food waste facilities for injection into the natural gas grid or for direct use as vehicle fuel.