Plutux
$1.33
-0.41%
2026-09-03 15:26:52 EDT-$0.01
Energy
Oil & Gas Exploration & Production
NASDAQ
Active Trading

Greenland Energy Company, with its corporate headquarters located in Austin, Texas, is primarily focused on identifying and extracting hydrocarbon deposits throughout Greenland. ...

Price Action

$1.33
-0.41%-$0.01
High
Low
52W High-94.2%
Rel. vol
Interval
Range4h
VolumeSMA5SMA10
Greenland Energy Company (GLND) is a micro-cap oil and gas exploration company that went public in March 2026 through a SPAC merger with Pelican Acquisition Corporation, listing on NASDAQ under the ticker GLND. The company's corporate headquarters are located in Austin, Texas, though it operates as a subsidiary of March ...Greenland Energy Company (GLND) is a micro-cap oil and gas exploration company that went public in March 2026 through a SPAC merger with Pelican Acquisition Corporation, listing on NASDAQ under the ticker GLND. The company's corporate headquarters are located in Austin, Texas, though it operates as a subsidiary of March GL Company. Its primary focus is the identification and extraction of hydrocarbon deposits in Greenland, with specific attention to the Jameson Land Basin in East Greenland. The company has identified over 50 prospective drill sites using legacy 2D seismic data and modern reprocessing techniques, indicating a promising but early-stage exploration portfolio. As of the latest data, Greenland Energy has a market capitalization of approximately $88 million, with a stock price around $2.01, down significantly from its 52-week high of $23. The company employs only 3 full-time employees, reflecting its early-stage nature and lean operational structure. Financially, the company has minimal revenue (zero as per TTM data) and is not yet profitable, with negative operating cash flow and free cash flow. It has a relatively low debt-to-equity ratio of 0.333 and a current ratio of 1.675, suggesting some liquidity. The company's key people include CEO Robert Brooks Price, who leads the exploration efforts. The company aims to capitalize on Greenland's untapped hydrocarbon potential, with plans for future drilling and development. The long-term vision includes transitioning from an exploration phase to production, subject to successful drilling results and regulatory approvals. The company raised approximately $70 million in a public offering post-merger, which should fund its initial exploration activities. The stock has been volatile, reflecting the high-risk, high-reward nature of early-stage oil exploration. Despite challenges, Greenland Energy represents a speculative opportunity in the energy sector, with significant upside potential if exploration proves successful.
Founded
2026
Employees
3
CEO
Robert Brooks Price
Full Name
Greenland Energy Company Common Stock
Sector
Energy
Industry
Oil & Gas Exploration & Production
ROE
-7.79%
Market Cap
$0.06B
Current Ratio
27.94
WACC
5.47%
ROIC
-8.85%

Contact Information

(212) 612-1400
3400 East Bayaud Avenue, Denver, CO 80209

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