GRN.TO Update 2024 - Stocktrades Canada

I had a look and it has been some time sine you answered any Q&A on GRN.TO. It has a 52 week high of $0.50 and a 52 week low of $0.12 (current price). Should I consider adding to my position in an attempt to lower my average share price (I purchased at a considerably higher price)? Analysts reviews suggest a price target between $0.22 and $0.55 (but these ratings look weak IMO).
Do you remain positive on the stock long term?
Are you still an owner and a holder?

Marked as spam

Asked on February 20, 2024 7:31 am

29 views

▲

▼

✔

Private answer

Hi there,

Same issue as the DOC situation. A small cap that has had a difficult time. I took profits on both GRN and DOC when they ran up initially and am still holding these positions. However, I am in no rush to add to them as market sentiment is very low and they have a long way to go operationally.

That said, I am more positive on GRN in the sense that they are still growing revenue (albeit a decrease in 2023) and are signing contracts and continuing to prove the technology. Once again, still a long ways to go with this one as it is dealing with a new technology, and in general, markets have soured on small caps and renewables in general.

I'd treat this as a wait-and-see - no rush to add and given its price, I wouldn't necessarily be selling here (I'm not). Just a hold and see how management can navigate this environment.

Mat

Marked as spam

Posted by Mathieu Litalien

Answered on February 21, 2024 9:45 am

« Back to Previous Page