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

Gensource Potash Co. (CVE:GSP)’s stock price fell 4.3% during trading on Wednesday . The stock 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.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Buy rating, According to MarketBeat, Gensource Potash has a consensus rating of “Buy” and a consensus price target of C$0.59.

Gensource Potash Trading Down 4.3%

The company’s 50 day moving average price is C$0.13 and its two-hundred day moving average price is C$0.13. 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 stock has a market capitalization of C$51.52 million, a PE ratio of -11.00 and a beta of 0.77.

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.