Gensource Potash (CVE:GSP) Shares Down 7.7% – Time to Sell?

Gensource Potash Co. (CVE:GSP) dropped 7.7% during trading on Wednesday . The company traded as low as C$0.11 and last traded at C$0.12. Approximately 214,494 shares traded hands during trading, a decline of 8% from the average daily volume of 233,687 shares. The stock had previously closed at C$0.13.

Gensource Potash Stock Down 3.8%

The company has a market cap of C$58.55 million, a price-to-earnings ratio of -12.50 and a beta of 0.34. The company has a current ratio of 0.02, a quick ratio of 0.08 and a debt-to-equity ratio of 65.93. The business has a fifty day moving average price of C$0.16 and a two-hundred day moving average price of C$0.11.

Gensource Potash Company Profile

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.