Insider Buying: Green Impact Partners (CVE:GIP) Director Purchases 5,400 Shares of Stock

Green Impact Partners Inc. (CVE:GIP) Director Alexander Langer acquired 5,400 shares of the stock in a transaction dated Wednesday, October 29th. The shares were purchased at an average cost of C$3.22 per share, with a total value of C$17,388.00. Following the completion of the purchase, the director owned 5,400 shares of the company’s stock, valued at approximately C$17,388. The trade was a ∞ increase in their position.

Green Impact Partners Stock Up 6.3%

GIP traded up C$0.20 on Friday, hitting C$3.35. The company had a trading volume of 41,300 shares, compared to its average volume of 15,510. Green Impact Partners Inc. has a 52-week low of C$2.50 and a 52-week high of C$6.00. The firm has a market capitalization of C$72.38 million, a P/E ratio of -3.32 and a beta of 0.45. The stock has a fifty day simple moving average of C$3.21 and a 200-day simple moving average of C$3.58. The company has a debt-to-equity ratio of 33.29, a current ratio of 0.64 and a quick ratio of 0.68.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada lowered shares of Green Impact Partners from a “moderate buy” rating to a “hold” rating and increased their price target for the stock from C$4.00 to C$5.00 in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$5.67.

Green Impact Partners Company Profile

Green Impact Partners Inc provides water, waste, and solids treatment and recycling services in North America. The company operates in two segments, Water & Solids Recycling & Energy Product Optimization; and Clean Energy Production. It operates a portfolio of water and solids treatment and recycling facilities.