Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Stock Price Up 16.3%

Greenlane Renewables Inc. (GRN.V) (CVE:GRN) shares shot up 16.3% during mid-day trading on Thursday . The company traded as high as C$2.80 and last traded at C$2.78. 3,044,708 shares were traded during mid-day trading, an increase of 81% from the average session volume of 1,677,592 shares. The stock had previously closed at C$2.39.

Analyst Ratings Changes

Separately, TD Securities lowered Greenlane Renewables Inc. (GRN.V) from a “hold” rating to a “sell” rating and decreased their price target for the company from C$0.10 to C$0.05 in a research note on Thursday, August 8th.

Greenlane Renewables Inc. (GRN.V) Stock Up 16.3 %

The firm’s fifty day simple moving average is C$2.78 and its 200 day simple moving average is C$2.78. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of 35.74. The company has a market cap of C$368.17 million and a price-to-earnings ratio of -102.96.

About Greenlane Renewables Inc. (GRN.V)

Greenlane Renewables Inc provides biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and food waste facilities for injection into the natural gas grid or for direct use as vehicle fuel.