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

Great Atlantic Resources Corp. (CVE:GR) was up 41.2% during trading on Wednesday . 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 company has a current ratio of 0.05, a quick ratio of 0.84 and a debt-to-equity ratio of -21.63. The firm’s 50-day moving average price is C$0.08 and its 200-day moving average price is C$0.10. The stock has a market capitalization of C$7.78 million, a PE ratio of -3.00 and a beta of 2.42.

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.