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

Gensource Potash Co. (CVE:GSP)’s share price fell 13.8% on Thursday. The company traded as low as C$0.12 and last traded at C$0.12. Approximately 250,787 shares changed 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 Analyst Weigh In

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

Gensource Potash Price Performance

The company has a current ratio of 0.05, a quick ratio of 0.08 and a debt-to-equity ratio of 46.48. The firm’s 50-day moving average price is C$0.13 and its 200-day moving average price is C$0.14. The stock has a market capitalization of C$59.79 million, a PE ratio of -12.50 and a beta of 0.91.

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.