Greenlane Renewables (TSE:GRN) Issues Quarterly Earnings Results

Greenlane Renewables (TSE:GRN) posted its quarterly earnings data on Thursday. The company reported C($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$11.31 million during the quarter. Greenlane Renewables had a negative return on equity of 8.55% and a negative net margin of 4.32%.

Greenlane Renewables Price Performance

TSE:GRN traded down C$0.01 during mid-day trading on Thursday, reaching C$0.20. The stock had a trading volume of 103,466 shares, compared to its average volume of 108,427. The firm has a 50 day moving average price of C$0.22 and a two-hundred day moving average price of C$0.23. The stock has a market capitalization of C$31.92 million, a P/E ratio of -20.00, a P/E/G ratio of -555.67 and a beta of 3.76. Greenlane Renewables has a one year low of C$0.09 and a one year high of C$0.33. The company has a debt-to-equity ratio of 11.69, a quick ratio of 2.05 and a current ratio of 1.54.

About Greenlane Renewables

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.