Gensource Potash (CVE:GSP) Trading Up 7.4% - Here's What Happened

Key Points

• Shares rose 7.4% to C$0.15 on Thursday, with about 153,359 shares traded—approximately 42% below the stock’s average daily volume.
• Key fundamentals show a market cap of C$67.61 million, a negative P/E of -15 and a debt-to-equity ratio of 61.39, with extremely low liquidity (current ratio 0.02, quick ratio 0.08), indicating heightened financial risk.
• Gensource Potash is a Canadian fertilizer development company focused on potash projects in Saskatchewan, including the Tugaske, Vanguard Area and Lazlo projects.

Gensource Potash Co. (CVE:GSP - ) shares were up 7.4% during trading on Thursday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 153,359 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 262,188 shares. The stock had previously closed at C$0.14.

Gensource Potash Stock Performance

The business has a 50-day moving average of C$0.11 and a two-hundred day moving average of C$0.09. The company has a debt-to-equity ratio of 61.39, a current ratio of 0.02 and a quick ratio of 0.08. The company has a market cap of C$67.61 million, a P/E ratio of -15.00 and a beta of 0.93.

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.

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