Greenlane Renewables (TSE:GRN) Stock Price Down 13% – What’s Next?

Greenlane Renewables Inc. (TSE:GRN)’s share price was down 13% during trading on Tuesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 111,280 shares traded hands during trading, a decline of 18% from the average daily volume of 135,151 shares. The stock had previously closed at C$0.12.

Wall Street Analyst Weigh In

Separately, TD Securities cut Greenlane Renewables from a “hold” rating to a “strong sell” rating in a report on Thursday, August 8th.

Greenlane Renewables Price Performance

The business’s 50-day simple moving average is C$0.07 and its 200-day simple moving average is C$0.08. The stock has a market cap of C$13.87 million, a PE ratio of -0.72, a PEG ratio of -555.67 and a beta of 2.50. The company has a quick ratio of 2.05, a current ratio of 1.48 and a debt-to-equity ratio of 9.17.

About Greenlane Renewables

Greenlane Renewables Inc provides biogas upgrading systems worldwide. Its 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.