Great Atlantic Resources (CVE:GR) Shares Up 45.5% – Here’s What Happened

Great Atlantic Resources Corp. (CVE:GR) shares were up 45.5% during mid-day trading on Saturday . The company traded as high as C$0.17 and last traded at C$0.16. Approximately 1,451,973 shares were traded during mid-day trading, an increase of 478% from the average daily volume of 251,343 shares. The stock had previously closed at C$0.11.

Great Atlantic Resources Trading Up 45.5%

The stock’s fifty day moving average price is C$0.08 and its 200 day moving average price is C$0.11. The stock has a market cap of C$10.38 million, a P/E ratio of -4.00 and a beta of 2.42. The company has a current ratio of 0.05, a quick ratio of 0.84 and a debt-to-equity ratio of -21.63.

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. 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.