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

Green Impact Partners Inc. (CVE:GIP) fell 37.1% during 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 Green Impact Partners and gave the stock a “buy” rating in a research note on Thursday, January 30th.

Green Impact Partners Stock Down 8.3 %

The company’s 50-day moving average is C$5.12 and its 200 day moving average is C$4.16. The stock has a market capitalization of C$58.24 million, a PE ratio of -5.21 and a beta of 0.52. The company has a current ratio of 0.64, a quick ratio of 0.68 and a debt-to-equity ratio of 33.29.

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.