Green Impact Partners (CVE:GIP) Trading Down 37.1% After Analyst Downgrade

Green Impact Partners Inc. (CVE:GIP) shares traded down 37.1% during trading on Friday after Royal Bank of Canada lowered their price target on the stock from C$8.00 to C$6.00. Royal Bank of Canada currently has an outperform rating on the stock. Green Impact Partners traded as low as C$3.00 and last traded at C$3.24. 267,933 shares changed hands during mid-day trading, an increase of 1,473% from the average session volume of 17,035 shares. The stock had previously closed at C$5.15.

Separately, Desjardins set a C$9.00 target price on shares of Green Impact Partners and gave the stock a “buy” rating in a research note on Thursday, January 30th.

Green Impact Partners Price Performance

The firm has a market capitalization of C$58.24 million, a PE ratio of -5.21 and a beta of 0.52. The stock’s 50 day simple moving average is C$5.12 and its two-hundred day simple moving average is C$4.16. The company has a debt-to-equity ratio of 33.29, a quick ratio of 0.68 and a current ratio of 0.64.

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.