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

Great Atlantic Resources Corp. (CVE:GR)’s stock price was up 45.5% on Friday . The company traded as high as C$0.17 and last traded at C$0.16. Approximately 1,451,973 shares changed 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.

Great Atlantic Resources Trading Up 45.5%

The firm has a market cap of C$10.38 million, a price-to-earnings ratio of -4.00 and a beta of 2.42. The company’s 50-day moving average price is C$0.08 and its 200-day moving average price is C$0.11. 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.