Gensource Potash (CVE:GSP) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Gensource Potash Co. (CVE:GSP) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$0.13 and traded as low as C$0.12. Gensource Potash shares last traded at C$0.12, with a volume of 11,706 shares changing hands.

Analyst Ratings Changes

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

Gensource Potash Stock Performance

The company has a current ratio of 0.05, a quick ratio of 0.08 and a debt-to-equity ratio of 46.48. The stock has a market cap of C$59.79 million, a price-to-earnings ratio of -12.50 and a beta of 0.91. The stock’s 50 day moving average is C$0.13 and its two-hundred day moving average is C$0.13.

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.