Greenlane Renewables (TSE:GRN) Shares Down 7.1% – Here’s What Happened

Greenlane Renewables Inc. (TSE:GRN) shares fell 7.1% on Tuesday . The stock traded as low as C$0.23 and last traded at C$0.23. 162,298 shares were traded during trading, an increase of 49% from the average daily volume of 108,783 shares. The stock had previously closed at C$0.24.

Greenlane Renewables Price Performance

The firm has a market cap of C$35.12 million, a P/E ratio of -22.00, a P/E/G ratio of -555.67 and a beta of 3.75. The company has a quick ratio of 2.05, a current ratio of 1.54 and a debt-to-equity ratio of 11.69. The business’s 50 day moving average is C$0.22 and its two-hundred day moving average is C$0.23.

Greenlane Renewables (TSE:GRN) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.01) EPS for the quarter. Greenlane Renewables had a negative net margin of 4.32% and a negative return on equity of 8.55%. The firm had revenue of C$9.54 million for the quarter. As a group, analysts anticipate that Greenlane Renewables Inc. will post 0.000286 earnings per share for the current year.

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.