Gensource Potash (CVE:GSP) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Gensource Potash Co. (CVE:GSP – Get Free Report)’s share price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$0.13 and traded as low as C$0.12. Gensource Potash shares last traded at C$0.12, with a volume of 11,706 shares.

Wall Street Analyst Weigh In

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 analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$0.59.

View Our Latest Research Report on Gensource Potash

Gensource Potash Stock Down 7.4%

The company has a debt-to-equity ratio of 46.48, a quick ratio of 0.08 and a current ratio of 0.05. The firm has a fifty day simple moving average of C$0.13 and a 200-day simple moving average of C$0.13. The company has a market capitalization of C$59.79 million, a PE ratio of -12.50 and a beta of 0.91.

Gensource Potash Company Profile

(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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