Great Atlantic Resources (CVE:GR) Trading Down 17.6% – What’s Next?

by · The Cerbat Gem

Great Atlantic Resources Corp. (CVE:GR – Get Free Report)’s stock price dropped 17.6% during mid-day trading on Wednesday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 330,302 shares changed hands during mid-day trading, an increase of 225% from the average daily volume of 101,587 shares. The stock had previously closed at C$0.09.

Great Atlantic Resources Price Performance

The company has a 50-day moving average price of C$0.12 and a 200-day moving average price of C$0.10. The firm has a market capitalization of C$4.54 million, a P/E ratio of -1.75 and a beta of 2.38. The company has a debt-to-equity ratio of -21.63, a quick ratio of 0.84 and a current ratio of 0.05.

Great Atlantic Resources Company Profile

(Get Free Report)

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.

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