Great Bear Resources (CVE:GBR) Trading Down 2.3% – Here’s Why

Shares of Great Bear Resources Ltd. (CVE:GBR) dropped 2.3% during trading on Monday . The company traded as low as C$28.15 and last traded at C$28.15. Approximately 1,886,525 shares traded hands during 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 stock’s 50 day moving average price is C$28.15 and its 200 day moving average price is C$28.15. The company has a current ratio of 3.85, a quick ratio of 3.82 and a debt-to-equity ratio of 0.45. The firm has a market cap of C$1.63 billion and a PE 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.