Great Atlantic Resources (CVE:GR) Shares Down 17.6% – Here’s Why

Great Atlantic Resources Corp. (CVE:GRGet Free Report)’s stock price dropped 17.6% during mid-day trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 330,302 shares were traded during trading, an increase of 225% from the average daily volume of 101,587 shares. The stock had previously closed at C$0.09.

Great Atlantic Resources Price Performance

The stock has a market capitalization of C$3.89 million, a price-to-earnings ratio of -1.50 and a beta of 2.38. 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 has a fifty day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.10.

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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