Greenlane Renewables (TSE:GRN) Stock Price Down 2.2% – What’s Next?

Greenlane Renewables Inc. (TSE:GRN)’s stock price was down 2.2% during trading on Monday . The stock traded as low as C$0.22 and last traded at C$0.22. Approximately 81,947 shares changed hands during trading, a decline of 29% from the average daily volume of 114,700 shares. The stock had previously closed at C$0.23.

Greenlane Renewables Stock Down 2.3%

The company has a debt-to-equity ratio of 11.69, a current ratio of 1.54 and a quick ratio of 2.05. The company has a 50-day simple moving average of C$0.23 and a 200-day simple moving average of C$0.23. The firm has a market cap of C$34.32 million, a PE ratio of -21.50, a price-to-earnings-growth ratio of -555.67 and a beta of 3.70.

Greenlane Renewables (TSE:GRN) last posted its quarterly earnings data on Thursday, May 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. Greenlane Renewables had a negative net margin of 4.32% and a negative return on equity of 8.55%. The business had revenue of C$9.54 million for the quarter. Analysts expect that Greenlane Renewables Inc. will post 0.000286 earnings per share 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.