Green Impact Partners (CVE:GIP) Trading 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 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 company a “buy” rating in a research report 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 company has a market capitalization of C$58.24 million, a price-to-earnings ratio of -5.21 and a beta of 0.52. The business’s 50 day moving average price is C$5.12 and its two-hundred day moving average price is C$4.16.

About Green Impact Partners

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.