Global Education Communities (TSE:GEC) Shares Down 13.2% – Here’s What Happened

Global Education Communities Corp. (TSE:GEC)’s share price was down 13.2% on Tuesday . The company traded as low as C$0.23 and last traded at C$0.23. 175,101 shares were traded during mid-day trading, an increase of 659% from the average daily volume of 23,083 shares. The stock had previously closed at C$0.27.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.95 price objective on shares of Global Education Communities and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus target price of C$0.95.

Global Education Communities Trading Down 13.2%

The company has a market cap of C$15.79 million, a P/E ratio of 0.77 and a beta of 0.86. The business has a 50 day moving average price of C$0.29 and a 200-day moving average price of C$0.31.

Global Education Communities Company Profile

Global Education Communities is a Canada-based company focused on acquiring, developing and managing purpose-built student housing assets across key markets in Europe. The company seeks high-quality properties positioned near major universities, offering accommodation solutions designed to meet the evolving needs of domestic and international students.

The company’s primary business activities include sourcing and underwriting off-market and on-market transactions, undertaking selective development and renovation projects, and overseeing day-to-day property management.