Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Jason David Sawyer Acquires 240,000 Shares of Stock

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Jason David Sawyer bought 240,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was acquired at an average cost of $0.23 per share, for a total transaction of $55,200.00. Following the completion of the purchase, the director directly owned 240,000 shares in the company, valued at approximately $55,200. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Greenland Mines Ltd. Common Stock Stock Performance

Shares of GRML stock traded up $0.00 during trading hours on Tuesday, reaching $0.19. The company had a trading volume of 1,780,737 shares, compared to its average volume of 4,296,581. The stock has a fifty day moving average of $0.28 and a 200-day moving average of $0.37. The company has a market capitalization of $26.60 million, a price-to-earnings ratio of -0.60 and a beta of 7.05. Greenland Mines Ltd. Common Stock has a 12-month low of $0.16 and a 12-month high of $1.12.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Brummer Multi Strategy AB purchased a new stake in shares of Greenland Mines Ltd. Common Stock in the 4th quarter valued at $175,000. Renaissance Technologies LLC purchased a new position in Greenland Mines Ltd. Common Stock during the 4th quarter valued at about $126,000. Jane Street Group LLC purchased a new position in Greenland Mines Ltd. Common Stock during the 4th quarter valued at about $64,000. Geode Capital Management LLC grew its position 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 valued at $142,000 after acquiring an additional 167,905 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in Greenland Mines Ltd. Common Stock by 101.2% during the fourth 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 period. 20.07% of the stock is currently owned by hedge funds and other institutional investors.

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.