Greenland Energy (NASDAQ:GLND) Releases Quarterly Earnings Results

Greenland Energy (NASDAQ:GLND) posted its quarterly earnings results on Thursday. The company reported ($0.13) earnings per share for the quarter, Zacks reports.

Greenland Energy Stock Up 12.1%

Shares of GLND opened at $1.25 on Friday. Greenland Energy has a one year low of $1.10 and a one year high of $23.00. The stock has a market capitalization of $54.66 million, a price-to-earnings ratio of -31.25 and a beta of -2.45. The business has a 50-day moving average of $2.31.

Insider Activity at Greenland Energy

In related news, Director Larry G. Swets, Jr. purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average price of $2.56 per share, for a total transaction of $38,400.00. Following the purchase, the director directly owned 585,000 shares of the company’s stock, valued at approximately $1,497,600. This represents a 2.63% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders purchased 45,000 shares of company stock valued at $119,300.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GLND. Wall Street Zen upgraded shares of Greenland Energy to a “sell” rating in a research note on Saturday, May 30th. ThinkEquity initiated coverage on Greenland Energy in a research report on Monday, June 15th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

About Greenland Energy

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.