Gensource Potash (CVE:GSP) Trading Up 10.7% - What's Next?

Key Points

• Shares rose 10.7% to C$0.16 mid-day (from C$0.14), with volume of ~311,395 shares—about 33% above the average daily volume.
• The company has a market cap of C$74.37M but is currently unprofitable (P/E of -16.5) with weak liquidity (quick ratio 0.08, current ratio 0.02) and a high debt-to-equity of 61.39.
• Gensource is a Canadian fertilizer developer focused on potash projects in Saskatchewan, including the Tugaske, Vanguard Area and Lazlo projects.

Gensource Potash Co. (CVE:GSP - ) rose 10.7% during mid-day trading on Thursday . The stock traded as high as C$0.16 and last traded at C$0.16. Approximately 311,395 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 234,037 shares. The stock had previously closed at C$0.14.

Gensource Potash Price Performance

The company has a 50 day moving average of C$0.10 and a 200 day moving average of C$0.08. The company has a debt-to-equity ratio of 61.39, a quick ratio of 0.08 and a current ratio of 0.02. The stock has a market capitalization of C$74.37 million, a price-to-earnings ratio of -16.50 and a beta of 0.93.

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.

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