Great Atlantic Resources (CVE:GR) Shares Up 41.2% – Still a Buy?

Great Atlantic Resources Corp. (CVE:GR)’s share price rose 41.2% on Wednesday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 375,737 shares traded hands during mid-day trading, an increase of 152% from the average daily volume of 149,283 shares. The stock had previously closed at C$0.09.

Great Atlantic Resources Stock Up 41.2%

The company has a debt-to-equity ratio of -21.63, a current ratio of 0.05 and a quick ratio of 0.84. The stock has a 50 day moving average price of C$0.08 and a 200-day moving average price of C$0.10. The stock has a market capitalization of C$7.78 million, a P/E ratio of -3.00 and a beta of 2.42.

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.