Insider Selling: Greenland Mines Ltd. Common Stock (NASDAQ:GRML) Director Sells 3,500 Shares of Company Stock

Key Points

  • Director Riad Hussein El-Dada sold 3,500 GRML shares at an average price of $9.35, for total proceeds of $32,725, according to an SEC filing.
  • GRML opened at $7.34 and has shown substantial volatility, with a 52-week range of $2.82 to $36.99, a market capitalization of approximately $23.3 million, and a beta of 6.26.
  • Analyst sentiment remains bearish: the stock has a consensus “Sell” rating, while State Street recently acquired 302,500 shares and institutional investors collectively own 20.07% of the company.

Greenland Mines Ltd. Common Stock (NASDAQ:GRML - Get Free Report) Director Riad Hussein El-Dada sold 3,500 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $9.35, for a total value of $32,725.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Greenland Mines Ltd. Common Stock Stock Performance

GRML stock opened at $7.34 on Tuesday. The stock has a fifty day moving average of $8.00 and a 200-day moving average of $15.04. Greenland Mines Ltd. Common Stock has a fifty-two week low of $2.82 and a fifty-two week high of $36.99. The company has a market capitalization of $23.32 million, a price-to-earnings ratio of -0.64 and a beta of 6.26.

Greenland Mines Ltd. Common Stock (NASDAQ:GRML - Get Free Report) last announced its quarterly earnings data on Monday, August 17th. The company reported ($0.03) earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth




GRML has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Greenland Mines Ltd. Common Stock to a "sell" rating in a research note on Saturday, August 29th. Weiss Ratings raised shares of Greenland Mines Ltd. Common Stock from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, September 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Sell".

View Our Latest Research Report on GRML

Institutional Investors Weigh In On Greenland Mines Ltd. Common Stock

A hedge fund recently bought a new stake in Greenland Mines Ltd. Common Stock stock. State Street Corp acquired a new stake in Greenland Mines Ltd. Common Stock (NASDAQ:GRML - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 302,500 shares of the company's stock, valued at approximately $79,000. State Street Corp owned 9.51% of Greenland Mines Ltd. Common Stock at the end of the most recent quarter. Hedge funds and other institutional investors own 20.07% of the company's stock.

About Greenland Mines Ltd. Common Stock

(Get Free Report)

Klotho Neurosciences, Inc, a biopharmaceutical company, develops therapies for neurological and age-related disorders, and specialty diagnostics. Its products include cell and gene therapies to mitigate age-related pathologies, such as dementia symptoms, and Alzheimer and neuromuscular diseases; biologics/biosimilars in the treatment of cancer; and melanocortin receptors. The company has a strategic partnership with Japan's Okinawa Research Center for the research and development of Klotho gene therapy in enhancing longevity and reducing age-related diseases.

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