Gensource Potash (CVE:GSP) Trading Down 4.3% – Here’s What Happened

Gensource Potash Co. (CVE:GSPGet Free Report)’s share price dropped 4.3% during trading on Wednesday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 192,000 shares changed hands during trading, a decline of 8% from the average session volume of 208,147 shares. The stock had previously closed at C$0.12.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.59 target price on Gensource Potash and gave the company a “buy” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$0.59.

Get Our Latest Analysis on Gensource Potash

Gensource Potash Stock Down 4.3%

The stock has a market capitalization of C$51.52 million, a price-to-earnings ratio of -11.00 and a beta of 0.77. The company has a debt-to-equity ratio of 64.66, a current ratio of 0.02 and a quick ratio of 0.08. The business has a fifty day moving average of C$0.13 and a 200 day moving average of C$0.13.

Gensource Potash Company Profile

(Get Free Report)

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.

Further Reading

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