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Green Impact Partners Inc ( (TSE:GIP) ) just unveiled an update.
Green Impact Partners Inc. announced a setback in the sale of its water, waste treatment, and recycling facilities as the purchaser failed to meet closing obligations. Despite receiving non-refundable deposits, GIP is exploring all contractual options and continues to attract interest from other parties. The company is also addressing a default on its corporate credit facility, working closely with its lender to resolve the issue.
The most recent analyst rating on (TSE:GIP) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Green Impact Partners Inc stock, see the TSE:GIP Stock Forecast page.
Spark’s Take on TSE:GIP Stock
According to Spark, TipRanks’ AI Analyst, TSE:GIP is a Neutral.
The overall stock score of 50 reflects significant challenges in financial performance, with declining revenues and negative profitability metrics. Technical analysis indicates a bearish trend with no strong momentum. Valuation is weak due to a negative P/E ratio and lack of dividend yield. These factors collectively suggest a need for strategic improvements to enhance financial health and investor appeal.
To see Spark’s full report on TSE:GIP stock, click here.
More about Green Impact Partners Inc
Green Impact Partners Inc. is focused on creating a sustainable future by converting waste into energy, primarily through renewable natural gas (RNG) and bioenergy projects. The company is involved in acquiring, developing, constructing, and operating facilities that contribute to waste reduction and emission lowering. GIP’s portfolio includes water and solids treatment and recycling facilities in Canada and a solids recycling business in the United States.
Average Trading Volume: 9,352
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$67.91M
Learn more about GIP stock on TipRanks’ Stock Analysis page.