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Genesis Land Development (TSE:GDC) Stock Passes Above 50 Day Moving Average - Here's What Happened

Genesis Land Development logo with Real Estate background

Genesis Land Development Corp. (TSE:GDC - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$4.05 and traded as high as C$4.18. Genesis Land Development shares last traded at C$4.16, with a volume of 26,684 shares trading hands.

Genesis Land Development Stock Down 0.7 %

The company has a current ratio of 8.72, a quick ratio of 0.80 and a debt-to-equity ratio of 53.71. The firm has a 50 day simple moving average of C$4.05 and a two-hundred day simple moving average of C$3.66. The company has a market capitalization of C$236.25 million, a PE ratio of 9.24 and a beta of 1.06.

Genesis Land Development Company Profile

(Get Free Report)

Genesis Land Development Corp., an integrated land developer and residential home builder, owns and develops residential lands and serviced lots in the Calgary Metropolitan 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; and sells lots and completed homes.

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