Great Atlantic Resources (CVE:GR) Shares Up 45.5% – Still a Buy?

Shares of Great Atlantic Resources Corp. (CVE:GRGet Free Report) shot up 45.5% during mid-day trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. 268,518 shares were traded during trading, an increase of 158% from the average session volume of 104,032 shares. The stock had previously closed at C$0.06.

Great Atlantic Resources Trading Up 45.5%

The company has a quick ratio of 0.84, a current ratio of 0.05 and a debt-to-equity ratio of -21.63. The company has a market capitalization of C$5.19 million, a P/E ratio of -2.00 and a beta of 2.38. The business has a fifty day moving average price of C$0.11 and a 200 day moving average price of C$0.10.

About Great Atlantic Resources

(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.

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