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

Shares of Greenlane Renewables Inc. (GRN.V) (CVE:GRN) were up 16.3% during trading on Thursday . The company 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.

Greenlane Renewables Inc. (GRN.V) Stock Up 16.3 %

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

Insider Activity

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 that occurred on Thursday, December 12th. The stock was 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 that occurred on Wednesday, December 4th. The stock was sold at an average price of C$0.09, for a total value of C$36,632.34. Over the last three months, insiders have sold 1,120,223 shares of company stock valued at $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.