Great Atlantic Resources (CVE:GR) Shares Down 17.6% – Should You Sell?

Great Atlantic Resources Corp. (CVE:GR)’s stock price dropped 17.6% on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 330,302 shares traded hands 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 Stock Down 14.3%

The company has a current ratio of 0.05, a quick ratio of 0.84 and a debt-to-equity ratio of -21.63. The stock has a market capitalization of C$3.89 million, a PE ratio of -1.50 and a beta of 2.38. The stock’s fifty day simple moving average is C$0.12 and its 200-day simple moving average is C$0.10.

Great Atlantic Resources Company Profile

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.