Great Atlantic Resources (CVE:GR) Shares Down 18.2% – Here’s What Happened

Great Atlantic Resources Corp. (CVE:GR) shares traded down 18.2% on Monday . The company traded as low as C$0.13 and last traded at C$0.14. 221,740 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 270,139 shares. The stock had previously closed at C$0.17.

Great Atlantic Resources Stock Performance

The firm has a market capitalization of C$8.76 million, a PE ratio of -3.38 and a beta of 2.80. The company has a debt-to-equity ratio of -21.63, a quick ratio of 0.84 and a current ratio of 0.05. The firm’s 50 day moving average price is C$0.09 and its 200-day moving average price is C$0.11.

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.