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Genesis Land Development (TSE:GDC) Trading Down 2.3% - Here's Why

Genesis Land Development logo with Real Estate background

Shares of Genesis Land Development Corp. (TSE:GDC - Get Free Report) dropped 2.3% during trading on Thursday . The stock traded as low as C$3.41 and last traded at C$3.41. Approximately 4,421 shares traded hands during trading, a decline of 41% from the average daily volume of 7,505 shares. The stock had previously closed at C$3.49.

Genesis Land Development Trading Up 1.2 %

The company has a debt-to-equity ratio of 53.71, a quick ratio of 0.80 and a current ratio of 8.72. The stock has a market cap of C$195.93 million, a price-to-earnings ratio of 7.67 and a beta of 1.06. The company's 50 day simple moving average is C$3.95 and its two-hundred day simple moving average is C$3.72.

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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