Gensource Potash (CVE:GSP) Shares Down 13.8% – Time to Sell?

Shares of Gensource Potash Co. (CVE:GSP) fell 13.8% during trading on Thursday. The company traded as low as C$0.12 and last traded at C$0.12. Approximately 250,787 shares traded 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 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$0.59.

Gensource Potash Trading Down 13.8%

The stock’s fifty 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 P/E ratio of -12.50 and a beta of 0.91. The company has a debt-to-equity ratio of 46.48, a current ratio of 0.05 and a quick ratio of 0.08.

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.