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An update from Green Impact Partners Inc ( (TSE:GIP) ) is now available.
Green Impact Partners Inc. has amended its corporate credit facility to waive certain default events until June 30, 2025, preventing the lender from demanding repayment or realizing security until that date. Additionally, the company closed a $2 million term loan with its CEO for working capital purposes, and anticipates the sale of its water and recycling assets by June 30, 2025, pending customary conditions and TSX Venture Exchange approval.
The most recent analyst rating on (TSE:GIP) stock is a Buy with a C$9.00 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.
Green Impact Partners Inc’s overall stock score reflects significant challenges in financial performance, particularly in revenue growth and profitability. The technical analysis suggests a neutral to mildly bullish market sentiment, but the negative valuation metrics, including a negative P/E ratio and lack of dividend yield, underline concerns. The company needs to improve its financial metrics and operational efficiency to enhance its market position.
To see Spark’s full report on TSE:GIP stock, click here.
More about Green Impact Partners Inc
Green Impact Partners Inc. is dedicated to creating a sustainable future by converting waste into energy, with a focus on renewable natural gas and bioenergy projects. The company is involved in acquiring, developing, constructing, and operating facilities that contribute to waste reduction and emissions lowering. It also manages a portfolio of water and solids treatment and recycling facilities in Canada, and a solids recycling business in the United States.
Average Trading Volume: 22,139
Technical Sentiment Signal: Hold
Current Market Cap: C$79.88M
Find detailed analytics on GIP stock on TipRanks’ Stock Analysis page.