Green Impact Partners (CVE:GIP) Stock Price Down 2% – What’s Next?

Green Impact Partners Inc. (CVE:GIP)’s stock price was down 2% on Tuesday . The company traded as low as C$2.90 and last traded at C$2.92. Approximately 5,490 shares were traded during trading, a decline of 41% from the average daily volume of 9,255 shares. The stock had previously closed at C$2.98.

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 boosted their price target for the company from C$4.00 to C$5.00 in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$5.67.

Green Impact Partners Trading Down 2.0%

The firm has a 50 day simple moving average of C$3.13 and a 200 day simple moving average of C$3.40. 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$61.29 million, a P/E ratio of -3.28 and a beta of 1.12.

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.