Great Atlantic Resources (CVE:GR) Trading Up 45.5% – Still a Buy?

Great Atlantic Resources Corp. (CVE:GR)’s stock price was up 45.5% during trading on Saturday . The company traded as high as C$0.17 and last traded at C$0.16. Approximately 1,451,973 shares traded hands during trading, an increase of 478% from the average daily volume of 251,343 shares. The stock had previously closed at C$0.11.

Key Stories Impacting Great Atlantic Resources

Here are the key news stories impacting Great Atlantic Resources this week:

• Positive Sentiment: Sharp price and volume move — reports highlight a multi?day intraday jump with volume well above average, indicating fresh investor interest and momentum that can attract additional short?term buying. Great Atlantic Resources (CVE:GR) Stock Price Up 45.5% – Here’s Why
• Neutral Sentiment: No company press release or operational catalyst is cited in the pieces — coverage is largely algorithmic market?move reporting, so the underlying fundamental picture hasn’t been updated publicly. Monitor filings or corporate news for confirmation. Great Atlantic Resources (CVE:GR) Stock Price Up 41.2% – What’s Next?
• Negative Sentiment: High volatility and very small market cap increase downside risk — the company is low?priced, with thin fundamentals (negative PE, low current ratio) and a history of large intra?day moves; gains may reverse quickly if speculative flows cool. Great Atlantic Resources (CVE:GR) Stock Price Up 45.5% – Should You Buy?

Great Atlantic Resources Price Performance

The firm’s fifty day moving average price is C$0.08 and its two-hundred day moving average price is C$0.11. The stock has a market capitalization of C$10.38 million, a PE ratio of -4.00 and a beta of 2.42. 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.