Candice Alderson Sells 63,037 Shares of Greenlane Renewables (TSE:GRN) Stock

Greenlane Renewables Inc. (TSE:GRN) Director Candice Alderson sold 63,037 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of C$0.20, for a total value of C$12,607.40. Following the transaction, the director directly owned 203,798 shares in the company, valued at C$40,759.60. The trade was a 23.62% decrease in their ownership of the stock.

Greenlane Renewables Stock Performance

TSE GRN opened at C$0.20 on Friday. The company has a fifty day simple moving average of C$0.22 and a 200 day simple moving average of C$0.23. Greenlane Renewables Inc. has a 12-month low of C$0.17 and a 12-month high of C$0.32. The company has a current ratio of 1.54, a quick ratio of 2.05 and a debt-to-equity ratio of 11.71. The company has a market cap of C$31.16 million, a P/E ratio of -6.50, a PEG ratio of -555.67 and a beta of 3.63.

Greenlane Renewables (TSE:GRN) last announced its quarterly earnings results on Thursday, August 13th. The company reported C($0.01) EPS for the quarter. Greenlane Renewables had a negative net margin of 10.01% and a negative return on equity of 18.95%. The business had revenue of C$11.31 million for the quarter. Sell-side analysts predict that Greenlane Renewables Inc. will post 0.000286 earnings per share 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.