Genesis Land Development (TSE:GDC) Stock Crosses Above 50-Day Moving Average – Here’s Why

Genesis Land Development Corp. (TSE:GDCGet 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 Trading Down 0.7 %

The firm’s 50-day moving average is C$4.05 and its 200-day moving average is C$3.66. 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 market cap of C$236.25 million, a price-to-earnings ratio of 9.24 and a beta of 1.06.

About Genesis Land Development

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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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