Greenlane Renewables (TSE:GRN) Stock Price Down 2.2%

Greenlane Renewables Inc. (TSE:GRN) shares were down 2.2% on Tuesday . The company traded as low as C$0.22 and last traded at C$0.22. Approximately 65,601 shares changed hands during trading, a decline of 54% from the average daily volume of 144,034 shares. The stock had previously closed at C$0.23.

Greenlane Renewables Stock Performance

The firm has a market capitalization of C$32.92 million, a price-to-earnings ratio of -4.30, a P/E/G ratio of -555.67 and a beta of 2.25. The company has a 50-day moving average price of C$0.25 and a 200-day moving average price of C$0.29. The company has a quick ratio of 2.05, a current ratio of 1.87 and a debt-to-equity ratio of 4.22.

Greenlane Renewables (TSE:GRN) last released its quarterly earnings results on Monday, August 14th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.02) by C($0.01). Greenlane Renewables had a negative return on equity of 15.66% and a negative net margin of 11.77%. The business had revenue of C$14.92 million during the quarter, compared to the consensus estimate of C$15.13 million. As a group, equities research analysts forecast that Greenlane Renewables Inc. will post 0.00094 earnings per share for the current year.

About Greenlane Renewables

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 biomethane at landfills, wastewater treatment plants, and farms and for injection food waste facilities into the natural gas grid or for direct use as vehicle fuel.