Great Atlantic Resources (CVE:GR) Trading Up 41.2% – Still a Buy?

by · The Markets Daily

Shares of Great Atlantic Resources Corp. (CVE:GR – Get Free Report) traded up 41.2% on Wednesday . The stock traded as high as C$0.12 and last traded at C$0.12. 353,012 shares traded hands during mid-day trading, an increase of 139% from the average session volume of 147,660 shares. The stock had previously closed at C$0.09.

Great Atlantic Resources Price Performance

The firm has a fifty day moving average of C$0.08 and a two-hundred day moving average of C$0.10. The stock has a market capitalization of C$7.78 million, a P/E ratio of -3.00 and a beta of 2.42. The company has a debt-to-equity ratio of -21.63, a current ratio of 0.05 and a quick ratio of 0.84.

About Great Atlantic Resources

(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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