Green Impact Partners (CVE:GIP) Stock Price Up 7.4% – Here’s What Happened

Green Impact Partners Inc. (CVE:GIP)’s share price shot up 7.4% during mid-day trading on Monday . The company traded as high as C$3.79 and last traded at C$3.79. 12,401 shares traded hands during trading, an increase of 1% from the average session volume of 12,278 shares. The stock had previously closed at C$3.53.

Analyst Upgrades and Downgrades

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

Green Impact Partners Price Performance

The business has a 50-day moving average price of C$3.48 and a two-hundred day moving average price of C$3.30. The company has a quick ratio of 0.68, a current ratio of 1.05 and a debt-to-equity ratio of 30.12. The company has a market capitalization of C$78.72 million, a price-to-earnings ratio of -4.41 and a beta of 0.52.

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

Green Impact Partners Company Profile

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.