Great Atlantic Resources (CVE:GR) Trading 41.2% Higher – Should You Buy?

Great Atlantic Resources Corp. (CVE:GR)’s share price shot 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. 375,737 shares traded hands during trading, an increase of 152% from the average session volume of 149,283 shares. The stock had previously closed at C$0.09.

Great Atlantic Resources Stock Up 41.2%

The company’s 50-day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.10. The firm has a market capitalization of C$7.78 million, a P/E ratio of -3.00 and a beta of 2.42. 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

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.