Gensource Potash (CVE:GSP) Stock Price Up 5% – What’s Next?

Gensource Potash Co. (CVE:GSP)’s share price shot up 5% during mid-day trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10. 36,379 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 197,355 shares. The stock had previously closed at C$0.10.

Analysts Set New Price Targets

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

Gensource Potash Stock Up 15.0%

The business’s fifty day simple moving average is C$0.12 and its 200 day simple moving average is C$0.13. The company has a current ratio of 0.02, a quick ratio of 0.08 and a debt-to-equity ratio of 64.66. The stock has a market cap of C$53.86 million, a price-to-earnings ratio of -11.50 and a beta of 0.75.

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.