Great Atlantic Resources (CVE:GR) Stock Price Up 45.5% – Still a Buy?

Great Atlantic Resources Corp. (CVE:GR)’s share price rose 45.5% during trading on Saturday . The company traded as high as C$0.17 and last traded at C$0.16. Approximately 1,451,973 shares changed hands during mid-day trading, an increase of 478% from the average daily volume of 251,343 shares. The stock had previously closed at C$0.11.

Great Atlantic Resources Stock Performance

The firm’s 50 day simple moving average is C$0.08 and its 200-day simple moving average is C$0.11. 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 company has a market capitalization of C$10.38 million, a price-to-earnings ratio of -4.00 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.