Gensource Potash (CVE:GSP) Shares Up 7.1% – Should You Buy?

Gensource Potash Co. (CVE:GSPGet Free Report) was up 7.1% during trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 437,686 shares changed hands during trading, an increase of 130% from the average daily volume of 190,580 shares. The stock had previously closed at C$0.14.

Gensource Potash Trading Up 14.3%

The company has a market capitalization of C$72.12 million, a price-to-earnings ratio of -16.00 and a beta of 0.93. The company has a quick ratio of 0.08, a current ratio of 0.02 and a debt-to-equity ratio of 61.39. The company’s 50 day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.08.

Gensource Potash Company Profile

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Gensource Potash Corporation, together with its subsidiaries, operates as a fertilizer development company in Canada. The company focuses on potash development activities. It holds various interests in the Tugaske Project located in Saskatchewan; and Vanguard Area, as well as the Lazlo projects located in central Saskatchewan. Gensource Potash Corporation is headquartered in Saskatoon, Canada.

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