Gensource Potash (CVE:GSP) Trading 24% Higher – Here’s What Happened

Gensource Potash Co. (CVE:GSPGet Free Report) shares shot up 24% during mid-day trading on Thursday . The company traded as high as C$0.17 and last traded at C$0.16. 1,372,432 shares changed hands during trading, an increase of 459% from the average session volume of 245,565 shares. The stock had previously closed at C$0.13.

Gensource Potash Price Performance

The stock has a market cap of C$72.60 million, a price-to-earnings ratio of -15.50 and a beta of 0.34. The stock’s 50 day simple moving average is C$0.15 and its two-hundred day simple moving average is C$0.11. The company has a debt-to-equity ratio of 64.66, a current ratio of 0.02 and a quick ratio of 0.08.

About Gensource Potash

(Get Free Report)

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.

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