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Greenlane Renewables Inc T.GRN

Alternate Symbol(s):  GRNWF

Greenlane Renewables Inc. is a Canada-based company, which provides biogas upgrading systems. Its systems produce clean, renewable natural gas from organic-waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as commercial vehicle fuel. The biogas upgrading systems, marketed and sold by the Company under the Greenlane Renewables brand, remove impurities and separate carbon dioxide from bio methane in the raw biogas created from the anaerobic decomposition of organic waste at landfills, wastewater treatment plants, farms, food waste streams, and other feedstock sources. It is deploying the three main upgrading technologies: water wash, pressure swing adsorption, and membrane separation, plus biogas desulfurization technology. It has delivered over 140 biogas upgrading systems into 19 countries, including some of the renewable natural gas production facilities in the world.


TSX:GRN - Post by User

Post by DOCInvestoron Aug 27, 2021 7:51pm
345 Views
Post# 33777519

Please, if you can't handle fluctuations, SELL your shares.

Please, if you can't handle fluctuations, SELL your shares.GRN has a high beta. Get used to it. It isn't going to change soon with such low volume. 

You see, and I know most of you know this, but for those who are less experienced:

"When a stock price, by percentage, fluctuates more than the market (this is called high beta), AND very little stock is sold/bought on a daily basis (volume), it means that a majority of the equity holders (you, me, firms, GRN founders, etc.) are HOLDING ONTO THEIR SHARES."

What happens when almost no one is buying or selling on a regular basis? The stock price can go all over the place. It's great for a daytrader. But if you think GRN is a good company and deserves those lofty price targets (as high as $4.00+) don't be caught slacking. 

Why? Because that lack of volume means that when the market tips the scale (buys more than it sells) it will SKYROCKET. GRN has had a few 10%+ days and when the stock price hits the $2.00 range this means the daily gains will be 20, 25, 30 cents. 

When this stock hits $3.00 I am extremely confident that the move from $2.00 to $3.00 will happen in 2-3 weeks rather than 2-3 months. 

You've been cautioned.
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