Greenlane Renewables (TSE:GRN) Trading 5.6% Higher – Should You Buy?

Shares of Greenlane Renewables Inc. (TSE:GRN) were up 5.6% during trading on Friday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 38,767 shares changed hands during trading, a decline of 54% from the average daily volume of 84,131 shares. The stock had previously closed at C$0.09.

Greenlane Renewables Stock Performance

The company’s fifty day simple moving average is C$0.09 and its 200 day simple moving average is C$0.09. The company has a quick ratio of 2.05, a current ratio of 1.46 and a debt-to-equity ratio of 9.77. The stock has a market capitalization of C$16.45 million, a price-to-earnings ratio of -0.76, a P/E/G ratio of -555.67 and a beta of 2.50.

About Greenlane Renewables

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