Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen lowered shares of Greenland Mines Ltd. Common Stock (NASDAQ:GRML) from a sell rating to a strong sell rating in a research note released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings downgraded Greenland Mines Ltd. Common Stock from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, October 9th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Greenland Mines Ltd. Common Stock has a consensus rating of “Sell”.

Greenland Mines Ltd. Common Stock Stock Performance

Shares of Greenland Mines Ltd. Common Stock stock opened at $4.17 on Friday. Greenland Mines Ltd. Common Stock has a fifty-two week low of $2.82 and a fifty-two week high of $36.99. The company’s 50 day moving average price is $6.20 and its two-hundred day moving average price is $14.41.

Greenland Mines Ltd. Common Stock (NASDAQ:GRML) last issued its quarterly earnings results on Monday, August 17th. The company reported ($0.03) EPS for the quarter.

Greenland Mines Ltd. Common Stock declared that its Board of Directors has authorized a share repurchase program on Tuesday, October 6th that permits the company to buy back $20 million in shares. This buyback authorization permits the company to repurchase up to 20.4% of its shares through open market purchases. Share buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Greenland Mines Ltd. Common Stock news, CFO Jeff Leblanc purchased 14,000 shares of Greenland Mines Ltd. Common Stock stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired at an average price of $9.72 per share, with a total value of $136,080.00. Following the transaction, the chief financial officer owned 110,406 shares in the company, valued at $1,073,146.32. This trade represents a 14.52% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Riad Hussein El-Dada sold 3,500 shares of Greenland Mines Ltd. Common Stock stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $9.35, for a total transaction of $32,725.00. The disclosure for this sale is available in the SEC filing. 11.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Greenland Mines Ltd. Common Stock

An institutional investor recently bought a new position in Greenland Mines Ltd. Common Stock stock. Citadel Advisors LLC bought a new stake in shares of Greenland Mines Ltd. Common Stock (NASDAQ:GRML) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,165,648 shares of the company’s stock, valued at approximately $1,343,000. Citadel Advisors LLC owned about 162.60% of Greenland Mines Ltd. Common Stock at the end of the most recent reporting period. Institutional investors own 20.07% of the company’s stock.

About Greenland Mines Ltd. Common Stock

Klotho Neurosciences, Inc, a biopharmaceutical company, develops therapies for neurological and age-related disorders, and specialty diagnostics. Its products include cell and gene therapies to mitigate age-related pathologies, such as dementia symptoms, and Alzheimer and neuromuscular diseases; biologics/biosimilars in the treatment of cancer; and melanocortin receptors. The company has a strategic partnership with Japan’s Okinawa Research Center for the research and development of Klotho gene therapy in enhancing longevity and reducing age-related diseases.