Investors Purchase High Volume of Call Options on Greenland Energy (NASDAQ:GLND)

Greenland Energy Co (NASDAQ:GLND) saw some unusual options trading on Wednesday. Stock investors bought 10,863 call options on the stock. This is an increase of 272% compared to the average volume of 2,918 call options.

Wall Street Analysts Forecast Growth

GLND has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Greenland Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday. Weiss Ratings upgraded Greenland Energy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Greenland Energy presently has an average rating of “Hold”.

Hedge Funds Weigh In On Greenland Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp purchased a new stake in shares of Greenland Energy during the second quarter worth approximately $417,000. Squarepoint Ops LLC purchased a new position in Greenland Energy in the 2nd quarter valued at $41,000. Resolute Advisors LLC acquired a new stake in Greenland Energy during the 2nd quarter worth $163,000. PEAK6 LLC purchased a new stake in shares of Greenland Energy during the second quarter worth $143,000. Finally, NewEdge Wealth LLC purchased a new stake in shares of Greenland Energy during the second quarter worth $33,000.

Greenland Energy Stock Up 72.8%

Shares of NASDAQ GLND traded up $1.61 during trading on Wednesday, hitting $3.82. The company had a trading volume of 97,203,837 shares, compared to its average volume of 7,087,978. The firm’s fifty day simple moving average is $2.17. Greenland Energy has a fifty-two week low of $1.09 and a fifty-two week high of $23.00. The firm has a market capitalization of $166.96 million, a price-to-earnings ratio of -22.46 and a beta of -5.84.

Greenland Energy (NASDAQ:GLND) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.13) earnings per share for the quarter.

Greenland Energy Company Profile

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.