Green Impact Partners (CVE:GIP) Stock Price Up 6.3% – Here’s Why

Green Impact Partners Inc. (CVE:GIP) shares rose 6.3% on Thursday . The stock traded as high as C$3.40 and last traded at C$3.38. Approximately 11,700 shares changed hands during trading, a decline of 26% from the average daily volume of 15,903 shares. The stock had previously closed at C$3.18.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada downgraded shares of Green Impact Partners from a “moderate buy” rating to a “hold” rating and upped their target price for the stock from C$4.00 to C$5.00 in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$5.67.

Green Impact Partners Stock Up 6.3%

The company has a current ratio of 0.64, a quick ratio of 0.68 and a debt-to-equity ratio of 33.29. The company has a market cap of C$73.03 million, a price-to-earnings ratio of -3.35 and a beta of 0.11. The firm’s fifty day simple moving average is C$3.38 and its 200 day simple moving average is C$3.77.

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.