Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Trading Up 16.3% – Still a Buy?

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

Analyst Ratings Changes

Separately, TD Securities cut shares of Greenlane Renewables Inc. (GRN.V) from a “hold” rating to a “sell” rating and reduced their price objective for the company from C$0.10 to C$0.05 in a report on Thursday, August 8th.

Greenlane Renewables Inc. (GRN.V) Stock Performance

The company has a market cap of C$368.17 million and a PE ratio of -102.96. The company has a quick ratio of 0.77, a current ratio of 0.98 and a debt-to-equity ratio of 35.74. The company has a 50-day moving average of C$2.78 and a 200-day moving average of C$2.78.

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.