Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Stock Price Up 16.3% – Here’s Why

Shares of Greenlane Renewables Inc. (GRN.V) (CVE:GRN) shot up 16.3% during mid-day trading on Friday . The stock traded as high as C$2.80 and last traded at C$2.78. 3,044,708 shares changed hands during trading, an increase of 81% from the average session 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 firm has a market capitalization of C$368.17 million and a price-to-earnings ratio of -102.96. The business’s fifty day moving average is C$2.78 and its 200 day moving average is C$2.78. The company has a quick ratio of 0.77, a current ratio of 0.98 and a debt-to-equity ratio of 35.74.

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

In other news, Senior Officer Monty Balderston sold 343,273 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were 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 that occurred on Wednesday, December 4th. The shares were sold at an average price of C$0.09, for a total transaction of C$36,632.34. Insiders have sold 953,557 shares of company stock valued at $95,112 in the last 90 days.

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.