Greenlane Renewables Inc. (GRN.V) (CVE:GRN) Shares Up 16.3% – Should You Buy?

Shares of Greenlane Renewables Inc. (GRN.V) (CVE:GRN) rose 16.3% during mid-day trading on Thursday . The stock traded as high as C$2.80 and last traded at C$2.78. Approximately 3,044,708 shares were traded 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 business’s 50 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. The company has a market cap of C$368.17 million and a P/E ratio of -102.96.

Insider Buying and Selling

In other Greenlane Renewables Inc. (GRN.V) news, Director Brad Donald Douville sold 407,026 shares of the firm’s 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. Also, Senior Officer Monty Balderston sold 343,273 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$0.11, for a total value of C$37,760.03. Insiders sold 1,120,223 shares of company stock worth $111,779 in the last three months.

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.