Great Atlantic Resources (CVE:GR) Trading Up 45.5% – Here’s Why

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

Great Atlantic Resources Price Performance

The company has a debt-to-equity ratio of -21.63, a quick ratio of 0.84 and a current ratio of 0.05. The company’s fifty day moving average price is C$0.08 and its 200 day moving average price is C$0.10. The firm has a market capitalization of C$10.38 million, a price-to-earnings ratio of -4.00 and a beta of 2.42.

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.