Investors Purchase High Volume of Call Options on Greenland Energy (NASDAQ:GLND)

Greenland Energy Co (NASDAQ:GLND) saw some unusual options trading activity on Wednesday. Investors purchased 10,863 call options on the stock. This is an increase of approximately 272% compared to the typical volume of 2,918 call options.

Analysts Set New Price Targets

A number of analysts have commented on GLND shares. Weiss Ratings upgraded shares of Greenland Energy from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, October 2nd. Wall Street Zen cut Greenland Energy from a “sell” rating to a “strong sell” rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Greenland Energy Price Performance

NASDAQ GLND traded up $1.61 on Wednesday, reaching $3.82. 97,203,837 shares of the company were exchanged, compared to its average volume of 7,087,978. The firm has a fifty day simple moving average of $2.17. The company has a market cap of $166.96 million, a PE ratio of -22.46 and a beta of -5.84. Greenland Energy has a fifty-two week low of $1.09 and a fifty-two week high of $23.00.

Greenland Energy (NASDAQ:GLND) last issued its earnings results on Thursday, August 13th. The company reported ($0.13) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Greenland Energy

Hedge funds have recently modified their holdings of the company. NewEdge Wealth LLC acquired a new stake in Greenland Energy during the second quarter worth about $33,000. Squarepoint Ops LLC acquired a new position in Greenland Energy in the 2nd quarter valued at about $41,000. PEAK6 LLC acquired a new position in Greenland Energy in the 2nd quarter valued at about $143,000. Resolute Advisors LLC purchased a new stake in shares of Greenland Energy in the 2nd quarter valued at approximately $163,000. Finally, State Street Corp purchased a new stake in shares of Greenland Energy in the 2nd quarter valued at approximately $417,000.

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.