Great Atlantic Resources (CVE:GR) Shares Up 45.5% – What’s Next?

by · The Cerbat Gem

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

Great Atlantic Resources Price Performance

The company has a debt-to-equity ratio of -21.63, a current ratio of 0.05 and a quick ratio of 0.84. The firm has a market capitalization of C$10.38 million, a P/E ratio of -4.00 and a beta of 2.42. The company’s 50 day moving average price is C$0.08 and its 200 day moving average price is C$0.11.

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.

Read More