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

Green Impact Partners Inc. (CVE:GIP)’s stock price 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 were traded 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 target price on Green Impact Partners and gave the stock a “buy” rating in a research note on Thursday, January 30th.

Green Impact Partners Stock Performance

The stock’s 50 day moving average is C$5.12 and its two-hundred day moving average is C$4.16. The stock has a market capitalization of C$58.24 million, a price-to-earnings 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.