Great Atlantic Resources (CVE:GR) Trading Up 41.2% – Here’s Why

Shares of Great Atlantic Resources Corp. (CVE:GR) shot up 41.2% during trading on Wednesday . The company traded as high as C$0.12 and last traded at C$0.12. 353,012 shares traded hands during trading, an increase of 156% from the average session volume of 138,017 shares. The stock had previously closed at C$0.09.

Great Atlantic Resources Stock Performance

The firm’s fifty day simple moving average is C$0.08 and its 200 day simple moving average is C$0.10. The company has a market capitalization of C$7.78 million, a price-to-earnings ratio of -3.00 and a beta of 2.42. The company has a debt-to-equity ratio of -21.63, a current ratio of 0.05 and a quick ratio of 0.84.

About Great Atlantic Resources

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.