Great Atlantic Resources (CVE:GR) Trading 14.8% Higher – Should You Buy?

Great Atlantic Resources Corp. (CVE:GR) shares traded up 14.8% during mid-day trading on Wednesday . The company traded as high as C$0.16 and last traded at C$0.16. 208,096 shares were traded during trading, an increase of 3% from the average session volume of 201,445 shares. The stock had previously closed at C$0.14.

Great Atlantic Resources Stock Performance

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 firm has a 50 day moving average price of C$0.11 and a 200 day moving average price of C$0.11. The stock has a market cap of C$10.05 million, a PE ratio of -3.10 and a beta of 2.80.

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.