Gensource Potash (CVE:GSP) Shares Down 11.8% – Time to Sell?

Gensource Potash Co. (CVE:GSP)’s share price fell 11.8% during trading on Wednesday . The company traded as low as C$0.15 and last traded at C$0.15. 290,418 shares were traded during mid-day trading, an increase of 14% from the average session volume of 254,410 shares. The stock had previously closed at C$0.17.

Gensource Potash Stock Down 17.6%

The stock has a fifty day moving average price of C$0.11 and a 200-day moving average price of C$0.08. The firm has a market cap of C$63.10 million, a PE ratio of -14.00 and a beta of 0.93. The company has a debt-to-equity ratio of 61.39, a quick ratio of 0.08 and a current ratio of 0.02.

About Gensource Potash

Gensource Potash Corporation, together with its subsidiaries, operates as a fertilizer development company in Canada. The company focuses on potash development activities. It holds various interests in the Tugaske Project located in Saskatchewan; and Vanguard Area, as well as the Lazlo projects located in central Saskatchewan. Gensource Potash Corporation is headquartered in Saskatoon, Canada.