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

Greenlane Renewables Inc. (GRN.V) (CVE:GRN) shares rose 16.3% on Thursday . The company traded as high as C$2.80 and last traded at C$2.78. Approximately 3,044,708 shares were traded during 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) Trading Up 16.3 %

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

Insider Buying and Selling at Greenlane Renewables Inc. (GRN.V)

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

Greenlane Renewables Inc. (GRN.V) Company Profile

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.