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

Great Atlantic Resources Corp. (CVE:GRGet Free Report) shares rose 41.2% on Thursday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 375,737 shares traded hands during mid-day trading, an increase of 152% from the average daily volume of 149,283 shares. The stock had previously closed at C$0.09.

Great Atlantic Resources Trading Down 8.3%

The stock has a market cap of C$7.13 million, a price-to-earnings ratio of -2.75 and a beta of 2.42. The business’s 50 day moving average is C$0.08 and its 200 day moving average is C$0.10. The company has a debt-to-equity ratio of -21.63, a current ratio of 0.05 and a quick ratio of 0.84.

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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