Gensource Potash (CVE:GSP) Stock Falls 13.8% – Here’s What Happened

Shares of Gensource Potash Co. (CVE:GSP) dropped 13.8% on Thursday. The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 250,787 shares traded hands during trading, an increase of 45% from the average session volume of 173,176 shares. The stock had previously closed at C$0.14.

Wall Street Analysts Forecast Growth

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

Gensource Potash Stock Performance

The business has a fifty day moving average of C$0.13 and a 200-day moving average of C$0.14. The company has a market cap of C$57.40 million, a PE ratio of -12.00 and a beta of 0.91. The company has a current ratio of 0.05, a quick ratio of 0.08 and a debt-to-equity ratio of 46.48.

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.