Great Atlantic Resources (CVE:GR) Stock Price Up 36.4% – Still a Buy?

Great Atlantic Resources Corp. (CVE:GRGet Free Report) shares rose 36.4% during mid-day trading on Friday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 834,798 shares changed hands during trading, an increase of 352% from the average daily volume of 184,640 shares. The stock had previously closed at C$0.11.

Great Atlantic Resources Price Performance

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 company’s 50 day moving average is C$0.08 and its 200-day moving average is C$0.10. The stock has a market cap of C$9.73 million, a PE ratio of -3.75 and a beta of 2.42.

Great Atlantic Resources Company Profile

(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. 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.

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