Great Atlantic Resources (CVE:GR) Stock Price Up 45.5% – Time to Buy?

by · The Markets Daily

Shares of Great Atlantic Resources Corp. (CVE:GR – Get Free Report) were up 45.5% on Friday . The stock traded as high as C$0.17 and last traded at C$0.16. Approximately 1,451,973 shares traded hands during trading, an increase of 478% from the average daily volume of 251,343 shares. The stock had previously closed at C$0.11.

Great Atlantic Resources Stock Up 45.5%

The business’s 50 day moving average is C$0.08 and its 200-day moving average is C$0.10. The stock has a market cap of C$10.38 million, a price-to-earnings ratio of -4.00 and a beta of 2.42. The company has a debt-to-equity ratio of -21.63, a quick ratio of 0.84 and a current ratio of 0.05.

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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