Green Impact Partners (CVE:GIP) Trading Down 0.3% – Here’s What Happened

Green Impact Partners Inc. (CVE:GIP)’s share price fell 0.3% during mid-day trading on Friday . The company traded as low as C$3.23 and last traded at C$3.29. 14,600 shares were traded during trading, an increase of 15% from the average session volume of 12,700 shares. The stock had previously closed at C$3.30.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their price target on shares of Green Impact Partners from C$9.50 to C$9.00 and set a “speculative buy” rating on the stock in a research report on Tuesday, August 27th.

Green Impact Partners Stock Performance

The firm’s 50 day moving average price is C$3.48 and its two-hundred day moving average price is C$3.24. The firm has a market cap of C$68.33 million, a PE ratio of -3.83 and a beta of 0.52. The company has a debt-to-equity ratio of 30.12, a quick ratio of 0.68 and a current ratio of 1.05.

Green Impact Partners (CVE:GIP) last issued its quarterly earnings data on Monday, August 26th. The company reported C($0.21) earnings per share for the quarter. Green Impact Partners had a negative return on equity of 15.58% and a negative net margin of 11.27%. The business had revenue of C$41.14 million during the quarter. On average, research analysts forecast that Green Impact Partners Inc. will post -0.06 earnings per share for the current year.

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.