David Demers Sells 63,037 Shares of Greenlane Renewables (TSE:GRN) Stock

Greenlane Renewables Inc. (TSE:GRN) Director David Demers sold 63,037 shares of Greenlane Renewables stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of C$0.20, for a total transaction of C$12,607.40. Following the sale, the director owned 3,431,267 shares in the company, valued at approximately C$686,253.40. This represents a 1.80% decrease in their ownership of the stock.

Greenlane Renewables Trading Up 2.6%

GRN opened at C$0.20 on Friday. The company has a debt-to-equity ratio of 11.71, a current ratio of 1.54 and a quick ratio of 2.05. Greenlane Renewables Inc. has a fifty-two week low of C$0.17 and a fifty-two week high of C$0.32. The company’s 50 day moving average price is C$0.22 and its two-hundred day moving average price is C$0.23. The firm has a market capitalization of C$31.16 million, a price-to-earnings ratio of -6.50, a PEG ratio of -555.67 and a beta of 3.63.

Greenlane Renewables (TSE:GRN) last released its quarterly earnings results on Thursday, August 13th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$11.31 million for the quarter. Greenlane Renewables had a negative net margin of 10.01% and a negative return on equity of 18.95%. As a group, research analysts predict that Greenlane Renewables Inc. will post 0.000286 earnings per share for the current year.

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.