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

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

Greenlane Renewables Inc. (GRN.V) Price Performance

The firm has a market capitalization of C$368.17 million and a PE ratio of -102.96. The business has a 50-day moving average of C$2.78 and a 200 day moving average of C$2.78. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of 35.74.

Insider Activity at Greenlane Renewables Inc. (GRN.V)

In other Greenlane Renewables Inc. (GRN.V) news, Director Brad Donald Douville sold 407,026 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$0.09, for a total value of C$36,632.34. Also, Senior Officer Monty Balderston sold 343,273 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$0.11, for a total value of C$37,760.03. In the last three months, insiders sold 1,120,223 shares of company stock valued at $111,779.

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.