Genesis Land Development (TSE:GDC) Reaches New 12-Month Low at $1.96

Genesis Land Development Corp. (TSE:GDC) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$1.96 and last traded at C$2.06, with a volume of 53400 shares trading hands. The stock had previously closed at C$2.24.

The company’s 50 day moving average price is C$2.34 and its 200-day moving average price is C$2.57. The stock has a market cap of $94.06 million and a P/E ratio of 36.72. The company has a quick ratio of 1.14, a current ratio of 10.95 and a debt-to-equity ratio of 8.65.

About Genesis Land Development (TSE:GDC)

Genesis Land Development Corp. engages in the acquisition, development, and sale of land, residential lots, and homes primarily in the greater Calgary area, Canada. It operates through two segments, Land Development and Home Building. The Land Development segment acquires, plans, rezones, subdivides, services, and sells residential lots, and commercial and industrial lands to third-party developers and builders.

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