Green Impact Partners (CVE:GIP) Stock Price Down 0.3% - Here's What Happened

Key Points

• Green Impact Partners Inc. (CVE:GIP) saw its stock price decrease by 0.3% to C$3.59 amidst a significant drop in trading volume, down 68% from its average.
• Analysts have lowered their price targets for GIP, with the Royal Bank of Canada reducing its target from C$8.00 to C$6.00, while Canaccord Genuity cut theirs from C$6.00 to C$3.00.
• The company's financial metrics indicate challenges, with a high debt-to-equity ratio of 33.29 and a negative price-to-earnings ratio of -6.29.

Green Impact Partners Inc. (CVE:GIP - Get Free Report)'s share price fell 0.3% during mid-day trading on Friday . The company traded as low as C$3.50 and last traded at C$3.59. 5,402 shares were traded during trading, a decline of 68% from the average session volume of 17,017 shares. The stock had previously closed at C$3.60.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank Of Canada decreased their price target on shares of Green Impact Partners from C$8.00 to C$6.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Canaccord Genuity Group lowered shares of Green Impact Partners from a "speculative buy" rating to a "hold" rating and reduced their target price for the stock from C$6.00 to C$3.00 in a research note on Tuesday, May 6th.

Green Impact Partners Stock Performance

The company has a debt-to-equity ratio of 33.29, a current ratio of 0.64 and a quick ratio of 0.68. The stock has a market cap of C$75.30 million, a price-to-earnings ratio of -6.73 and a beta of 0.52. The firm has a fifty day moving average of C$3.90 and a 200 day moving average of C$4.31.

Green Impact Partners Company Profile

Green Impact Partners Inc provides water, waste, and solids treatment and recycling services in North America. The company operates in two segments, Water & Solids Recycling & Energy Product Optimization; and Clean Energy Production. It operates a portfolio of water and solids treatment and recycling facilities.