Great Atlantic Resources (CVE:GR) Trading 45.5% Higher – Should You Buy?

Shares of Great Atlantic Resources Corp. (CVE:GRGet Free Report) shot up 45.5% during mid-day trading on Thursday . The stock traded as high as C$0.08 and last traded at C$0.08. 268,518 shares traded hands during trading, an increase of 158% from the average session volume of 104,032 shares. The stock had previously closed at C$0.06.

Great Atlantic Resources Price Performance

The company has a 50 day moving average of C$0.11 and a 200-day moving average of C$0.10. The stock has a market capitalization of C$5.19 million, a P/E ratio of -2.00 and a beta of 2.38. 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

(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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