Gensource Potash (CVE:GSP) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Gensource Potash Co. (CVE:GSP)’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 traded.

Wall Street Analysts Forecast Growth

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

Gensource Potash Trading Down 10.7%

The company has a quick ratio of 0.08, a current ratio of 0.05 and a debt-to-equity ratio of 46.48. The firm has a market capitalization of C$59.79 million, a P/E ratio of -12.50 and a beta of 0.57. The firm’s 50-day simple moving average is C$0.13 and its 200-day simple moving average is C$0.13.

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.