Great Atlantic Resources (CVE:GR) Shares Up 41.2% – Here’s Why

Great Atlantic Resources Corp. (CVE:GR) was up 41.2% during mid-day trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.12. Approximately 375,737 shares were traded during 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 Price Performance

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

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.