Insider Buying: Greenland Mines Ltd. Common Stock (NASDAQ:GRML) CFO Purchases $136,080.00 in Stock

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) CFO Jeff Leblanc acquired 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were bought at an average cost of $9.72 per share, for a total transaction of $136,080.00. Following the acquisition, the chief financial officer owned 110,406 shares of the company’s stock, valued at $1,073,146.32. This represents a 14.52% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Greenland Mines Ltd. Common Stock Price Performance

Shares of GRML stock traded up $2.65 during midday trading on Tuesday, reaching $11.20. 1,605,544 shares of the company traded hands, compared to its average volume of 102,120. The firm’s 50 day simple moving average is $0.39 and its two-hundred day simple moving average is $0.41. The firm has a market cap of $1.78 billion, a PE ratio of -35.00 and a beta of 7.13. Greenland Mines Ltd. Common Stock has a 1-year low of $7.81 and a 1-year high of $39.45.

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) last released its quarterly earnings results on Monday, August 17th. The company reported ($1.50) earnings per share for the quarter.

Hedge Funds Weigh In On Greenland Mines Ltd. Common Stock

A number of institutional investors have recently modified their holdings of the company. Brummer Multi Strategy AB purchased a new position in shares of Greenland Mines Ltd. Common Stock during the 4th quarter worth $175,000. Renaissance Technologies LLC acquired a new stake in Greenland Mines Ltd. Common Stock in the 4th quarter worth about $126,000. Jane Street Group LLC acquired a new position in shares of Greenland Mines Ltd. Common Stock during the 4th quarter valued at about $64,000. Geode Capital Management LLC lifted its holdings in shares of Greenland Mines Ltd. Common Stock by 51.8% during the 4th quarter. Geode Capital Management LLC now owns 491,832 shares of the company’s stock worth $142,000 after acquiring an additional 167,905 shares during the period. Finally, XTX Topco Ltd boosted its position in shares of Greenland Mines Ltd. Common Stock by 101.2% in the fourth quarter. XTX Topco Ltd now owns 160,569 shares of the company’s stock worth $46,000 after acquiring an additional 80,768 shares during the last quarter. Institutional investors and hedge funds own 20.07% of the company’s stock.

Wall Street Analyst Weigh In

GRML has been the topic of a number of research reports. Weiss Ratings cut shares of Greenland Mines Ltd. Common Stock from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Wall Street Zen raised Greenland Mines Ltd. Common Stock to a “sell” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

About Greenland Mines Ltd. Common Stock

Greenland Mines Ltd develops essential medicines for the treatment of chronic diseases – cancer, cardiovascular, and neurodegenerative disorders. The Company operates as a single reporting segment focused on developing essential medicines for these chronic diseases. The Company has acquired two licensed platforms: a generic drug portfolio and a biosimilar biologics platform that uses biologic therapies to treat cancer, and proprietary patented technologies involving melanocortin receptor-binding molecules and a gene therapy platform that introduces a therapeutic protein called Klotho inside the body to treat neurodegenerative diseases.