Gensource Potash (CVE:GSP) Trading 5% Higher – What’s Next?

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

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.59 price objective on shares of Gensource Potash and gave the stock a “buy” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Gensource Potash presently has a consensus rating of “Buy” and an average target price of C$0.59.

Gensource Potash Stock Up 15.0%

The company has a market cap of C$53.86 million, a P/E ratio of -11.50 and a beta of 0.75. The company has a quick ratio of 0.08, a current ratio of 0.02 and a debt-to-equity ratio of 64.66. The firm has a fifty day moving average price of C$0.12 and a 200 day moving average price of C$0.13.

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.