Greenlane Renewables (TSE:GRN) Announces Earnings Results

Greenlane Renewables (TSE:GRN) posted its earnings results on Thursday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports. The company had revenue of C$10.80 million for the quarter. Greenlane Renewables had a return on equity of 9.74% and a net margin of 5.58%.

Greenlane Renewables Trading Down 14.5%

Shares of TSE:GRN opened at C$0.24 on Friday. The company has a market capitalization of C$37.13 million, a PE ratio of 23.50, a P/E/G ratio of -555.67 and a beta of 4.40. The company has a current ratio of 1.70, a quick ratio of 2.05 and a debt-to-equity ratio of 10.07. Greenlane Renewables has a 12-month low of C$0.08 and a 12-month high of C$0.33. The business’s fifty day simple moving average is C$0.23 and its 200-day simple moving average is C$0.25.

Greenlane Renewables Company Profile

Greenlane is driving change: accelerating the energy transition. We are cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transportation. As a pioneer and leading global specialist in biogas desulfurization and upgrading, we have been actively contributing to the decarbonization of our planet for over 35 years with more than 355 systems supplied into 28 countries. We transform biogas generated from organic waste into high-value grid-ready renewable natural gas (‘RNG’) from a wide range of sources such as landfills, sugar mills, dairy farms, wastewater, and food waste.