TipRanks
Go Ultimate55% OFF

Gensource Potash (GSP) AI Stock Analysis

Top Page

TSE:GSP

Gensource Potash

(TSXV:GSP)

Select Model
Rating:45Neutral
Price Target:CAD 0.13â–¼(-2.31% Downside)
Action:reiterated
Date:10/31/26

The score is held down primarily by weak financial performance driven by pre-revenue operations, recurring losses, and accelerating cash burn (worsening TTM operating and free cash flow). Technical indicators are neutral-to-mixed (no clear trend confirmation), while valuation is hard to support with a negative P/E and no dividend yield.

Positive Factors
Improving Capital MixThe lower debt-to-equity ratio indicates some improvement in capitalization for an early-stage developer. Although leverage remains relevant, a stronger mix of debt and equity could preserve financial flexibility as the company advances its project and seeks funding.
Negative Factors
No Operating RevenueThe absence of operating revenue means the company has not yet demonstrated commercial demand or recurring monetization of its potash project. Until production begins, financial performance depends on development progress and access to external capital rather than internally generated sales.

Gensource Potash (GSP) vs. iShares MSCI Canada ETF (EWC)

-25%0%25%50%75%100%125%150%175%TSE:GSP+100.00%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 62.19M
Dividend Yield
―
Average Volume (3M)
85.89K
Price to Earnings (P/E)
-22.8
Beta (1Y)
0.08
Revenue Growth
―
EPS Growth
13.85%
Country
Canada
Employees
4
Sector
General
Sector Strength
55
Industry
Agricultural Inputs

Gensource Potash Business Overview & Revenue Model

Company Description

Gensource Potash Corporation is a Canadian enterprise that, along with its subsidiaries, functions as a fertilizer development company, primarily concentrating on potash initiatives. The firm holds significant stakes in several mineral developments t...

Gensource Potash Financial Statement Overview

Summary

Financial quality is weak: the company is pre-revenue with recurring net losses and sizable operating losses (TTM EBIT about -3.3M). Cash flow is a major constraint with worsening TTM operating cash flow (~-1.7M) and free cash flow (~-1.9M), increasing reliance on external funding. The balance sheet shows moderate leverage (debt-to-equity ~0.46) but equity has eroded over time and ROE remains materially negative (~-27% TTM).

Income Statement

12Very Negative

Balance Sheet

54Neutral

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMDec 2025Mar 2025Mar 2024Dec 2022Dec 2021
Income Statement
Total Revenue000000
Gross Profit-1,738-2,029-37.12K-50.15K-52.79K-55.14K
EBITDA-3.29M-2.13M-2.44M-3.96M-2.10M-4.77M
Net Income-2.60M-2.33M-2.90M-6.58M-2.49M-4.88M
Balance Sheet
Total Assets24.59M23.93M23.63M23.67M24.95M19.74M
Cash, Cash Equivalents and Short-Term Investments327.36K36.10K65.83K412.45K346.05K1.72M
Total Debt5.53M5.67M5.49M5.51M5.26M3.08M
Total Liabilities12.69M15.33M12.79M10.48M9.50M3.36M
Stockholders Equity11.90M8.60M10.84M13.19M15.45M16.38M
Cash Flow
Free Cash Flow-1.94M-550.62K-706.26K-2.57M-4.69M-6.99M
Operating Cash Flow-1.68M-334.15K-530.82K-1.88M-1.42M-3.78M
Investing Cash Flow-418.22K-364.88K-364.63K-692.59K-3.27M-3.21M
Financing Cash Flow2.34M664.91K549.31K2.64M3.32M7.95M

Gensource Potash Technical Analysis

Technical Analysis SentimentPositive
Last Price0.13

Price Trends

50DMA0.13Negative
100DMA0.13Positive
200DMA0.13Negative

Market Momentum

MACD-0.00Negative
RSI56.02Neutral
STOCH66.67Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GSP, the sentiment is Positive. The current price of 0.13 is above the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.13, and below the 200-day MA of 0.13, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 56.02 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GSP.

Gensource Potash Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TSE:GSP against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TSE:GSPTSE:GSP45NeutralCAD 62.19M-22.81-27.00%――13.85%
TSE:DANTSE:DAN42NeutralCAD 61.35M23.278.50%――98.72%
TSE:VULTSE:VUL42NeutralCAD 43.52M-13.09-8.43%――-821.43%
TSE:LCETSE:LCE39UnderperformCAD 37.92M-14.29-4.21%――6.37%

* General Sector Average

Performance Comparison

0%50%100%150%TSE:GSPTSE:DANTSE:LCETSE:VULDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:GSP and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:GSPGensource Potash0.130.07100.00%
TSE:DANArianne Phosphate0.260.0520.93%
TSE:LCECentury Lithium Corp0.21-0.07-25.00%
TSE:VULVulcan Minerals0.340.1691.43%

Gensource Potash Corporate Events

Business Operations and Strategy

Gensource Hails Federal Tax Break as Catalyst for Tugaske Potash Expansion

Positive
Sep 23, 2026

Gensource Potash is positioning its flagship Tugaske Project as a low-cost, environmentally advanced potash operation, supported by a substantial resource base and full offtake agreements for its planned output. The project, designed for 500,000 tonn...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 31, 2026