Great Atlantic Resources (CVE:GR) Trading Up 27.3% – Here’s What Happened

Shares of Great Atlantic Resources Corp. (CVE:GR) shot up 27.3% during trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.14. 919,298 shares traded hands during trading, an increase of 325% from the average session volume of 216,207 shares. The stock had previously closed at C$0.11.

Great Atlantic Resources Stock Performance

The stock has a market capitalization of C$9.73 million, a P/E ratio of -3.75 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. The company’s fifty day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.10.

About Great Atlantic Resources

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.