Gensource Potash (CVE:GSP) Shares Down 3% – Time to Sell?

Gensource Potash Co. (CVE:GSP)’s share price fell 3% during mid-day trading on Friday . The company traded as low as C$0.16 and last traded at C$0.16. 66,144 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 264,535 shares. The stock had previously closed at C$0.17.

Gensource Potash Stock Performance

The firm has a market cap of C$65.36 million, a P/E ratio of -14.50 and a beta of 0.17. The company has a current ratio of 0.02, a quick ratio of 0.08 and a debt-to-equity ratio of 61.39. The business’s fifty day simple moving average is C$0.13 and its 200-day simple moving average is C$0.09.

About Gensource Potash

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.