Great Atlantic Resources (CVE:GR) Trading Down 14.3% – Here’s Why

Great Atlantic Resources Corp. (CVE:GRGet Free Report)’s share price dropped 14.3% during trading on Thursday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 445,649 shares traded hands during mid-day trading, an increase of 332% from the average daily volume of 103,249 shares. The stock had previously closed at C$0.07.

Great Atlantic Resources Price Performance

The firm has a market capitalization of C$3.89 million, a P/E ratio of -1.50 and a beta of 2.38. The stock’s fifty day simple moving average is C$0.12 and its 200 day simple 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.

About Great Atlantic Resources

(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.

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