Fundamental Research Reiterates C$0.59 Price Target for Gensource Potash (CVE:GSP)

Gensource Potash (CVE:GSP) has been given a C$0.59 price target by equities research analysts at Fundamental Research in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Fundamental Research’s target price would indicate a potential upside of 413.04% from the company’s current price.

Gensource Potash Stock Performance

Shares of CVE GSP traded up C$0.01 during midday trading on Tuesday, hitting C$0.12. 156,984 shares of the company’s stock were exchanged, compared to its average volume of 213,495. The company has a debt-to-equity ratio of 64.66, a current ratio of 0.02 and a quick ratio of 0.08. The stock’s 50 day moving average price is C$0.14 and its 200-day moving average price is C$0.13. The firm has a market cap of C$53.86 million, a P/E ratio of -11.50 and a beta of 0.77. Gensource Potash has a twelve month low of C$0.06 and a twelve month high of C$0.17.

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.