Great Atlantic Resources (CVE:GR) Shares Down 17.4% – Time to Sell?

Great Atlantic Resources Corp. (CVE:GR) dropped 17.4% on Friday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 202,559 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 177,123 shares. The stock had previously closed at C$0.12.

Great Atlantic Resources Price Performance

The company’s 50 day moving average price is C$0.12 and its 200-day moving average price is C$0.12. The company has a market cap of C$6.49 million, a price-to-earnings ratio of -2.00 and a beta of 1.14. The company has a debt-to-equity ratio of -25.59, a quick ratio of 0.84 and a current ratio of 0.02.

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.