Greenland Energy (NASDAQ:GLND) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Greenland Energy (NASDAQ:GLND) from a sell rating to a strong sell rating in a research report report published on Saturday morning.

Separately, ThinkEquity began coverage on Greenland Energy in a research note on Monday, June 15th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Greenland Energy Price Performance

Shares of NASDAQ:GLND opened at $1.28 on Friday. The stock has a market cap of $55.97 million, a P/E ratio of -32.00 and a beta of -2.45. Greenland Energy has a 12-month low of $1.10 and a 12-month high of $23.00. The firm has a fifty day moving average of $2.28.

Greenland Energy (NASDAQ:GLND) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.13) earnings per share for the quarter.

Insiders Place Their Bets

In other news, Director Larry G. Swets, Jr. bought 15,000 shares of the stock in a transaction on Thursday, June 25th. The stock was bought at an average cost of $2.56 per share, for a total transaction of $38,400.00. Following the completion of the purchase, the director directly owned 585,000 shares in the company, valued at approximately $1,497,600. The trade was a 2.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 45,000 shares of company stock valued at $119,300 in the last three months.

Hedge Funds Weigh In On Greenland Energy

Large investors have recently made changes to their positions in the business. NewEdge Wealth LLC acquired a new stake in shares of Greenland Energy in the 2nd quarter worth $33,000. BlackRock Inc. purchased a new position in Greenland Energy during the 2nd quarter worth $37,000. Finally, PEAK6 LLC acquired a new position in Greenland Energy during the 2nd quarter valued at about $143,000.

About Greenland Energy

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.