Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Shares Up 16.3% – Here’s What Happened

Greenlane Renewables Inc. (GRN.V) (CVE:GRN)’s share price rose 16.3% during mid-day trading on Thursday . The stock traded as high as C$2.80 and last traded at C$2.78. Approximately 3,044,708 shares changed hands during mid-day trading, an increase of 81% from the average daily volume of 1,677,592 shares. The stock had previously closed at C$2.39.

Greenlane Renewables Inc. (GRN.V) Price Performance

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 stock has a 50-day simple moving average of C$2.78 and a 200 day simple moving average of C$2.78. The stock has a market capitalization of C$368.17 million and a price-to-earnings ratio of -102.96.

Insider Transactions at Greenlane Renewables Inc. (GRN.V)

In related news, Senior Officer Monty Balderston sold 343,273 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$0.11, for a total transaction of C$37,760.03. Also, Director Brad Donald Douville sold 407,026 shares of Greenlane Renewables Inc. (GRN.V) stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$0.09, for a total value of C$36,632.34. Insiders sold 1,120,223 shares of company stock valued at $111,779 over the last three months.

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.