Genesis Land Development (TSE:GDC) Shares Down 2.3% – Should You Sell?

Genesis Land Development Corp. (TSE:GDC)’s stock price fell 2.3% during trading on Thursday . The company traded as low as C$3.41 and last traded at C$3.41. 4,421 shares were traded during mid-day trading, a decline of 41% from the average session volume of 7,505 shares. The stock had previously closed at C$3.49.

Genesis Land Development Price Performance

The company has a current ratio of 8.72, a quick ratio of 0.80 and a debt-to-equity ratio of 53.71. The company has a market cap of C$193.65 million, a P/E ratio of 7.58 and a beta of 1.06. The business’s fifty day moving average is C$3.95 and its 200 day moving average is C$3.72.

Genesis Land Development Company Profile

Genesis Land Development Corp., an integrated land developer and residential home builder, owns and develops residential lands and serviced lots in the Calgary Metropolitan Area, Canada. It operates through two segments: Land Development and Home Building. The Land Development segment acquires, plans, rezones, subdivides, services, and sells residential lots, and commercial and industrial lands to third-party developers and builders; and sells lots and completed homes.