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

Greenlane Renewables Inc. (GRN.V) (CVE:GRN) shot up 16.3% during trading on Monday . The stock traded as high as C$2.80 and last traded at C$2.78. 3,044,708 shares were traded during mid-day trading, an increase of 81% from the average session volume of 1,677,592 shares. The stock had previously closed at C$2.39.

Wall Street Analyst Weigh In

Separately, TD Securities decreased their price objective on shares of Greenlane Renewables Inc. (GRN.V) from C$0.15 to C$0.10 in a report on Friday, May 10th.

Greenlane Renewables Inc. (GRN.V) Price Performance

The stock has a market cap of C$368.17 million and a price-to-earnings ratio of -102.96. The company has a debt-to-equity ratio of 35.74, a current ratio of 0.98 and a quick ratio of 0.77. The stock’s 50 day simple moving average is C$2.78 and its two-hundred day simple moving average is 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.