Green Impact Partners (CVE:GIP) Shares Up 6% – Should You Buy?

Green Impact Partners Inc. (CVE:GIP) shares rose 6% on Tuesday . The company traded as high as C$3.35 and last traded at C$3.35. Approximately 2,100 shares changed hands during trading, a decline of 82% from the average daily volume of 11,900 shares. The stock had previously closed at C$3.16.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their target price on Green Impact Partners from C$9.50 to C$9.00 and set a “speculative buy” rating for the company in a research note on Tuesday, August 27th.

Green Impact Partners Price Performance

The firm has a 50-day simple moving average of C$3.47 and a two-hundred day simple moving average of C$3.39. The company has a market capitalization of C$69.58 million, a price-to-earnings ratio of -3.90 and a beta of 0.52. The company has a current ratio of 1.05, a quick ratio of 0.68 and a debt-to-equity ratio of 30.12.

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.