Greenland Energy (NASDAQ:GLND) Announces Earnings Results

Greenland Energy (NASDAQ:GLND) released its quarterly earnings results on Thursday. The company reported ($0.13) EPS for the quarter, Zacks reports.

Greenland Energy Stock Performance

GLND stock traded up $0.14 during trading on Thursday, reaching $1.25. The company had a trading volume of 3,753,590 shares, compared to its average volume of 1,437,254. Greenland Energy has a 52 week low of $1.10 and a 52 week high of $23.00. The stock has a market cap of $54.66 million, a P/E ratio of -31.25 and a beta of -2.45. The business’s 50 day moving average price is $2.31.

Insider Buying and Selling

In other news, Director Larry G. Swets, Jr. acquired 15,000 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were acquired at an average cost of $2.56 per share, with a total value of $38,400.00. Following the transaction, the director owned 585,000 shares in the company, valued at $1,497,600. The trade was a 2.63% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have bought 45,000 shares of company stock valued at $119,300 in the last ninety days.

Wall Street Analyst Weigh In

GLND has been the topic of several research analyst reports. Wall Street Zen raised Greenland Energy to a “sell” rating in a research note on Saturday, May 30th. ThinkEquity initiated coverage on Greenland Energy in a research note on Monday, June 15th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

About Greenland Energy

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.