Great Atlantic Resources (CVE:GR) Trading 14.8% Higher – Here’s Why

Great Atlantic Resources Corp. (CVE:GR)’s stock price shot up 14.8% during trading on Wednesday . The stock traded as high as C$0.16 and last traded at C$0.16. 208,096 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 201,445 shares. The stock had previously closed at C$0.14.

Great Atlantic Resources Stock Up 3.7%

The company has a market cap of C$9.08 million, a PE ratio of -2.80 and a beta of 2.80. The stock has a 50-day moving average of C$0.11 and a 200-day moving average of C$0.11. The company has a quick ratio of 0.84, a current ratio of 0.05 and a debt-to-equity ratio of -21.63.

Great Atlantic Resources Company Profile

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.