Green Impact Partners (CVE:GIP) Shares Down 37.1% Following Analyst Downgrade

Green Impact Partners Inc. (CVE:GIP) shares traded down 37.1% during mid-day trading on Friday after Royal Bank of Canada lowered their price target on the stock from C$8.00 to C$6.00. Royal Bank of Canada currently has an outperform rating on the stock. Green Impact Partners traded as low as C$3.00 and last traded at C$3.24. 267,933 shares traded hands during mid-day trading, an increase of 1,473% from the average session volume of 17,035 shares. The stock had previously closed at C$5.15.

Separately, Desjardins set a C$9.00 price objective on shares of Green Impact Partners and gave the company a “buy” rating in a research note on Thursday, January 30th.

Green Impact Partners Trading Down 8.3 %

The company has a debt-to-equity ratio of 33.29, a quick ratio of 0.68 and a current ratio of 0.64. The firm has a 50-day moving average of C$5.12 and a 200-day moving average of C$4.16. The firm has a market capitalization of C$58.24 million, a P/E ratio of -5.21 and a beta of 0.52.

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.