Greenlane Renewables Inc. (GRN.V) (CVE:GRN) PT Lowered to C$1.15 at Canaccord Genuity Group

Greenlane Renewables Inc. (GRN.V) (CVE:GRN – Get Rating) had its target price lowered by Canaccord Genuity Group from C$1.30 to C$1.15 in a research report report published on Monday morning, BayStreet.CA reports.

A number of other equities analysts have also weighed in on the stock. Raymond James cut their target price on shares of Greenlane Renewables Inc. (GRN.V) from C$1.75 to C$1.25 and set a market perform rating for the company in a research report on Friday. Alliance Global Partners lowered shares of Greenlane Renewables Inc. (GRN.V) from a buy rating to a neutral rating in a research report on Wednesday, February 22nd. Finally, TD Securities cut their price objective on shares of Greenlane Renewables Inc. (GRN.V) from C$0.60 to C$0.45 and set a hold rating for the company in a research report on Friday.

Greenlane Renewables Inc. (GRN.V) Price Performance

Shares of CVE:GRN opened at C$2.78 on Monday. 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 firm has a market capitalization of C$368.17 million and a PE ratio of -102.96. Greenlane Renewables Inc. has a twelve month low of C$0.19 and a twelve month high of C$2.90. The company has a 50-day moving average price of C$2.78 and a two-hundred day moving average price of C$2.78.

About Greenlane Renewables Inc. (GRN.V)

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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.