Green Impact Partners (CVE:GIP) Stock Price Down 1.3% – What’s Next?

Green Impact Partners Inc. (CVE:GIP) shares dropped 1.3% on Monday . The stock traded as low as C$2.90 and last traded at C$3.03. Approximately 22,459 shares traded hands during trading, an increase of 49% from the average daily volume of 15,042 shares. The stock had previously closed at C$3.07.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lowered shares of Green Impact Partners from a “moderate buy” rating to a “hold” rating and raised their target price for the company from C$4.00 to C$5.00 in a report on Tuesday, October 14th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$5.67.

Green Impact Partners Trading Down 1.3%

The business’s fifty day moving average is C$3.20 and its 200-day moving average is C$3.51. 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 market cap of C$63.60 million, a P/E ratio of -3.40 and a beta of 0.58.

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. The company also acquires, develops, builds, and operates renewable natural gas (RNG) projects; and distributes RNG, biofuel, and hydrogen. It serves customers in the agriculture, forestry, government, midstream, public infrastructure, oil and gas production, potash, and utilities sectors.