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

Gensource Potash Co. (CVE:GSP) shares traded down 4.3% on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.11. 192,000 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 208,147 shares. The stock had previously closed at C$0.12.

Analyst Ratings Changes

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

Gensource Potash Stock Performance

The firm has a market cap of C$51.52 million, a P/E ratio of -11.00 and a beta of 0.77. The company has a quick ratio of 0.08, a current ratio of 0.02 and a debt-to-equity ratio of 64.66. The firm has a fifty day moving average of C$0.13 and a 200-day moving average of C$0.13.

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.