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

Shares of Greenlane Renewables Inc. (GRN.V) (CVE:GRN) rose 16.3% on Thursday . The company traded as high as C$2.80 and last traded at C$2.78. Approximately 3,044,708 shares changed hands during mid-day 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) Trading Up 16.3 %

The stock has a market capitalization of C$368.17 million and a price-to-earnings ratio of -102.96. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of 35.74. The company has a fifty day moving average of C$2.78 and a two-hundred day moving average of C$2.78.

Insider Activity

In related news, Director Brad Donald Douville sold 407,026 shares of the 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 transaction of C$36,632.34. Also, 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. Insiders have sold a total of 1,120,223 shares of company stock valued at $111,779 over the last 90 days.

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.