Greenlane Renewables (TSE:GRN) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Greenlane Renewables Inc. (TSE:GRN) shares crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$0.18 and traded as high as C$0.20. Greenlane Renewables shares last traded at C$0.20, with a volume of 287,828 shares traded.

Greenlane Renewables Trading Up 14.3%

The company’s 50 day moving average price is C$0.18 and its 200 day moving average price is C$0.21. The company has a debt-to-equity ratio of 11.71, a current ratio of 1.54 and a quick ratio of 2.05. The firm has a market cap of C$31.96 million, a PE ratio of -6.67, a price-to-earnings-growth ratio of -555.67 and a beta of 3.84.

Greenlane Renewables (TSE:GRN) last announced its earnings results on Thursday, August 13th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$11.31 million for the quarter. Greenlane Renewables had a negative return on equity of 18.95% and a negative net margin of 10.01%. As a group, analysts forecast that Greenlane Renewables Inc. will post 0.00 EPS for the current fiscal year.

About Greenlane Renewables

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.