Insider Buying: Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Purchases 240,000 Shares of Stock

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Jason David Sawyer acquired 240,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were acquired at an average price of $0.23 per share, with a total value of $55,200.00. Following the acquisition, the director owned 240,000 shares in the company, valued at $55,200. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Greenland Mines Ltd. Common Stock Stock Performance

GRML stock traded up $0.00 during midday trading on Tuesday, reaching $0.19. The company’s stock had a trading volume of 1,780,737 shares, compared to its average volume of 4,296,581. Greenland Mines Ltd. Common Stock has a 1 year low of $0.16 and a 1 year high of $1.12. The firm has a market capitalization of $26.60 million, a price-to-earnings ratio of -0.60 and a beta of 7.05. The stock has a fifty day simple moving average of $0.28 and a two-hundred day simple moving average of $0.37.

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($0.15) EPS for the quarter.

Institutional Trading of Greenland Mines Ltd. Common Stock

A number of institutional investors have recently bought and sold shares of GRML. Jane Street Group LLC purchased a new stake in Greenland Mines Ltd. Common Stock in the second quarter valued at approximately $26,000. Brummer Multi Strategy AB purchased a new stake in shares of Greenland Mines Ltd. Common Stock during the 4th quarter worth about $175,000. Renaissance Technologies LLC purchased a new stake in shares of Greenland Mines Ltd. Common Stock in the fourth quarter valued at approximately $126,000. Geode Capital Management LLC increased its holdings in Greenland Mines Ltd. Common Stock by 51.8% in 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 in the last quarter. Finally, XTX Topco Ltd raised its position in shares of Greenland Mines Ltd. Common Stock by 101.2% during the 4th quarter. XTX Topco Ltd now owns 160,569 shares of the company’s stock worth $46,000 after purchasing an additional 80,768 shares during the last quarter. 20.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on GRML. Wall Street Zen upgraded shares of Greenland Mines Ltd. Common Stock to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Greenland Mines Ltd. Common Stock from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Greenland Mines Ltd. Common Stock 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.