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

Greenlane Renewables Inc. (GRN.V) (CVE:GRN) was up 16.3% on Friday . 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.

Analyst Upgrades and Downgrades

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

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

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 stock has a market cap of C$368.17 million and a PE ratio of -102.96. The stock’s fifty day moving average price is C$2.78 and its 200 day moving average price is C$2.78.

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.