Gensource Potash (CVE:GSP) Trading Up 5% – Here’s Why

Gensource Potash Co. (CVE:GSP)’s share price shot up 5% during mid-day trading on Thursday . The stock 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 session volume of 197,355 shares. The stock had previously closed at C$0.10.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.59 price target 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, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$0.59.

Gensource Potash Stock Performance

The company has a debt-to-equity ratio of 64.66, a quick ratio of 0.08 and a current ratio of 0.02. The company has a market capitalization of C$51.52 million, a PE ratio of -11.00 and a beta of 0.75. The company has a 50 day moving average price of C$0.12 and a 200 day moving average price of C$0.13.

Gensource Potash Company Profile

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.