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

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

Great Atlantic Resources Trading Up 45.5%

The business’s 50 day moving average price is C$0.08 and its 200-day moving average price is C$0.11. The company has a market cap of C$10.38 million, a price-to-earnings ratio of -4.00 and a beta of 2.42. The company has a debt-to-equity ratio of -21.63, a quick ratio of 0.84 and a current ratio of 0.05.

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.