David Demers Sells 63,037 Shares of Greenlane Renewables (TSE:GRN) Stock

Greenlane Renewables Inc. (TSE:GRN) Director David Demers sold 63,037 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of C$0.20, for a total value of C$12,607.40. Following the completion of the transaction, the director owned 3,431,267 shares in the company, valued at C$686,253.40. This represents a 1.80% decrease in their position.

Greenlane Renewables Stock Down 2.6%

Shares of TSE GRN traded down C$0.01 during mid-day trading on Thursday, reaching C$0.19. The company had a trading volume of 29,176 shares, compared to its average volume of 107,554. The company has a debt-to-equity ratio of 11.71, a quick ratio of 2.05 and a current ratio of 1.54. The company has a market capitalization of C$30.36 million, a price-to-earnings ratio of -6.33, a PEG ratio of -555.67 and a beta of 3.76. The stock has a fifty day moving average of C$0.22 and a two-hundred day moving average of C$0.23. Greenlane Renewables Inc. has a 12-month low of C$0.17 and a 12-month high of C$0.32.

Greenlane Renewables (TSE:GRN) last announced its quarterly earnings data on Thursday, August 13th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$11.31 million for the quarter. Greenlane Renewables had a negative net margin of 10.01% and a negative return on equity of 18.95%. As a group, equities research analysts expect that Greenlane Renewables Inc. will post 0.000286 EPS for the current 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.