Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Trading Up 16.3% – What’s Next?

Shares of Greenlane Renewables Inc. (GRN.V) (CVE:GRN) shot up 16.3% on Friday . The company traded as high as C$2.80 and last traded at C$2.78. 3,044,708 shares changed hands during 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) Trading Up 16.3 %

The company has a quick ratio of 0.77, a current ratio of 0.98 and a debt-to-equity ratio of 35.74. The company has a market cap of C$368.17 million and a P/E ratio of -102.96. The business has a 50-day moving average price of C$2.78 and a two-hundred day moving average price of C$2.78.

Insiders Place Their Bets

In other Greenlane Renewables Inc. (GRN.V) news, Senior Officer Monty Balderston sold 343,273 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$0.11, for a total value of C$37,760.03. Also, Director Brad Donald Douville sold 407,026 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$0.09, for a total transaction of C$36,632.34. In the last three months, insiders sold 953,557 shares of company stock valued at $95,112.

About Greenlane Renewables Inc. (GRN.V)

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.