Green Impact Partners (CVE:GIP) Hits New 12-Month Low – Here’s Why

Green Impact Partners Inc. (CVE:GIP) shares reached a new 52-week low on Tuesday . The company traded as low as C$2.45 and last traded at C$2.54, with a volume of 14845 shares trading hands. The stock had previously closed at C$2.55.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada lowered Green Impact Partners from a “moderate buy” rating to a “hold” rating and increased their price objective for the stock from C$4.00 to C$5.00 in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$5.67.

Green Impact Partners Price Performance

The business has a 50-day simple moving average of C$3.03 and a two-hundred day simple moving average of C$3.31. The company has a quick ratio of 0.68, a current ratio of 0.64 and a debt-to-equity ratio of 33.29. The stock has a market capitalization of C$53.32 million, a price-to-earnings ratio of -2.85 and a beta of 1.12.

About Green Impact Partners

Green Impact Partners Inc provides water, waste, and solids treatment and recycling services in North America. The company operates in two segments, Water & Solids Recycling & Energy Product Optimization; and Clean Energy Production. It operates a portfolio of water and solids treatment and recycling facilities. The company also acquires, develops, builds, and operates renewable natural gas (RNG) projects; and distributes RNG, biofuel, and hydrogen. It serves customers in the agriculture, forestry, government, midstream, public infrastructure, oil and gas production, potash, and utilities sectors.