Greenlane Renewables Inc. (GRN.V) (CVE:GRN – Get Rating)'s stock price traded up 16.3% during mid-day trading on Friday . 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 Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group lowered their price target on Greenlane Renewables Inc. (GRN.V) from C$2.25 to C$1.90 in a research report on Friday, May 13th. Raymond James lowered their price target on Greenlane Renewables Inc. (GRN.V) from C$3.15 to C$2.25 and set a "strong-buy" rating on the stock in a research report on Friday, May 13th.
Get Greenlane Renewables Inc. (GRN.V) alerts:Greenlane Renewables Inc. (GRN.V) Trading Up 16.3 %
The firm has a market capitalization of C$368.17 million and a price-to-earnings ratio of -102.96. The business has a 50-day moving average of C$2.78 and a two-hundred day moving average of 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.
About Greenlane Renewables Inc. (GRN.V)
(Get Rating)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.
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