Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Shares Up 16.3% – Time to Buy?

Shares of Greenlane Renewables Inc. (GRN.V) (CVE:GRN) shot up 16.3% during trading on Tuesday . The company traded as high as C$2.80 and last traded at C$2.78. 3,044,708 shares traded hands during mid-day trading, an increase of 81% from the average session volume of 1,677,592 shares. The stock had previously closed at C$2.39.

Greenlane Renewables Inc. (GRN.V) Stock Performance

The company has a market cap of C$368.17 million and a price-to-earnings ratio of -102.96. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of 35.74. The stock’s fifty day simple moving average is C$2.78 and its 200 day simple moving average is C$2.78.

Greenlane Renewables Inc. (GRN.V) Company Profile

Greenlane Renewables Inc provides biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and food waste facilities for injection into the natural gas grid or for direct use as vehicle fuel. It offers water wash, pressure swing adsorption, and membrane separation technologies. The company markets and sells its upgrading systems under the Greenlane Biogas brand.