Great Atlantic Resources (CVE:GR) Stock Price Up 41.2% – Time to Buy?

by · The Markets Daily

Great Atlantic Resources Corp. (CVE:GR – Get Free Report)’s share price shot up 41.2% on Wednesday . The stock traded as high as C$0.12 and last traded at C$0.12. 375,737 shares were traded during mid-day trading, an increase of 152% from the average session volume of 149,283 shares. The stock had previously closed at C$0.09.

Great Atlantic Resources Price Performance

The stock has a 50-day simple moving average of C$0.08 and a 200 day simple moving average of C$0.10. The company has a market cap of C$7.78 million, a PE ratio of -3.00 and a beta of 2.42. The company has a quick ratio of 0.84, a current ratio of 0.05 and a debt-to-equity ratio of -21.63.

Great Atlantic Resources Company Profile

(Get Free Report)

Great Atlantic Resources Corp., an exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for gold, silver, lead, zinc, tungsten, antimony, copper, nickel, cobalt, vanadium, and other precious and base metals. The company holds interest in the Golden Promise project located in central Newfoundland. It holds interests in Glenelg Vanadium, Kagoot Brook Cobalt, MacDougal Road, Keymet, Mascarene, Mount Raymond, and Porcupine properties located in New Brunswick; Pilley's Island and South Quarry properties located in Newfoundland; and Mitchell Brook property located in Nova Scotia.

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