Green Impact Partners (CVE:GIP) Hits New 1-Year Low – What’s Next?

Green Impact Partners Inc. (CVE:GIP) reached a new 52-week low on Monday . The stock traded as low as C$2.42 and last traded at C$2.48, with a volume of 27012 shares trading hands. The stock had previously closed at C$2.59.

Analyst Ratings Changes

Separately, Royal Bank Of Canada lowered Green Impact Partners from a “moderate buy” rating to a “hold” rating and increased their price objective for the stock from C$4.00 to C$5.00 in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$4.00.

Green Impact Partners Price Performance

The stock has a market cap of C$52.06 million, a P/E ratio of -2.79 and a beta of 0.46. The company has a 50 day simple moving average of C$2.91 and a 200 day simple moving average of C$3.24. The company has a current ratio of 0.64, a quick ratio of 0.68 and a debt-to-equity ratio of 33.29.

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. The company also acquires, develops, builds, and operates renewable natural gas (RNG) projects; and distributes RNG, biofuel, and hydrogen. It serves customers in the agriculture, forestry, government, midstream, public infrastructure, oil and gas production, potash, and utilities sectors.