GMP Capital Inc. (GMP.TO) (TSE:GMP) Trading Down 82% – Should You Sell?

GMP Capital Inc. (GMP.TO) (TSE:GMP) shares dropped 82% during mid-day trading on Monday . The company traded as low as C$1.60 and last traded at C$1.62. Approximately 676,112 shares traded hands during trading, an increase of 724% from the average daily volume of 82,098 shares. The stock had previously closed at C$9.00.

GMP Capital Inc. (GMP.TO) Stock Performance

The company has a market cap of C$284.97 million and a P/E ratio of -5.13. The company has a debt-to-equity ratio of 9.74, a quick ratio of 0.80 and a current ratio of 1.09. The business’s fifty day moving average price is C$1.62.

GMP Capital Inc. (GMP.TO) Company Profile

GMP Capital Inc, an independent financial services company, provides various financial products and services to corporate clients, institutional investors, and high-net-worth individuals in Canada, the United States, and internationally. It operates in two segments, Operations Clearing and Wealth Management.