Greenlane Renewables (TSE:GRN) Stock Jumps 9.1% – Still a Buy?

Greenlane Renewables Inc. (TSE:GRN)’s share price traded up 9.1% during mid-day trading on Wednesday. The company traded as high as C$0.18 and last traded at C$0.18. 107,111 shares traded hands during trading, an increase of 7% from the average session volume of 99,739 shares. The stock had previously closed at C$0.17.

Greenlane Renewables Price Performance

The company has a fifty day moving average of C$0.18 and a 200-day moving average of C$0.22. The company has a debt-to-equity ratio of 11.71, a current ratio of 1.54 and a quick ratio of 2.05. The firm has a market cap of C$27.16 million, a P/E ratio of -5.67, a P/E/G ratio of -555.67 and a beta of 3.66.

Greenlane Renewables (TSE:GRN) last posted its quarterly earnings results on Thursday, August 13th. The company reported C($0.01) EPS for the quarter. Greenlane Renewables had a negative return on equity of 18.95% and a negative net margin of 10.01%. The business had revenue of C$11.31 million for the quarter. On average, sell-side analysts anticipate that Greenlane Renewables Inc. will post 0.00 EPS for the current fiscal 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.