Genex Power (ASX:GNX) Shares Down 9.3%

Genex Power Ltd (ASX:GNX) shares were down 9.3% on Thursday . The stock traded as low as A$0.25 ($0.17) and last traded at A$0.25 ($0.17). Approximately 680,629 shares traded hands during trading, an increase of ∞ from the average daily volume of 0 shares. The stock had previously closed at A$0.27 ($0.19).

The firm has a market capitalization of $79.67 million and a P/E ratio of -25.50. The company has a 50 day moving average of A$0.26. The company has a quick ratio of 1.84, a current ratio of 1.98 and a debt-to-equity ratio of 809.54.

About Genex Power (ASX:GNX)

Genex Power Limited engages in the generation and storage of renewable energy in Australia. It generates power through hydro and solar projects. The company was formerly known as Allied Resources Limited and changed its name to Genex Power Limited in August 2013. Genex Power Limited was incorporated in 2011 and is based in Sydney, Australia.

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