Great Bear Resources (CVE:GBR) Trading Down 2.3% – Time to Sell?

Great Bear Resources Ltd. (CVE:GBR)’s stock price dropped 2.3% on Monday . The stock traded as low as C$28.15 and last traded at C$28.15. Approximately 1,886,525 shares traded hands during mid-day trading, an increase of 525% from the average daily volume of 301,841 shares. The stock had previously closed at C$28.80.

Great Bear Resources Stock Performance

The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.82 and a current ratio of 3.85. The firm’s 50 day simple moving average is C$28.15 and its 200 day simple moving average is C$28.15. The firm has a market capitalization of C$1.63 billion and a price-to-earnings ratio of -153.83.

Great Bear Resources Company Profile

Great Bear Resources Ltd. operates as a mineral exploration company in Canada. The company primarily explores for gold. Its flagship property is the Dixie project covering an area of 9,140 hectares located in the Red Lake district of Ontario. The company was formerly known as Great Bear Uranium Corp. and changed its name to Great Bear Resources Ltd. in January 2010. Great Bear Resources Ltd. was incorporated in 2001 and is headquartered in Vancouver, Canada.