Great Atlantic Resources (CVE:GR) Shares Down 17.6% – Here’s Why

by · The Markets Daily

Great Atlantic Resources Corp. (CVE:GR – Get Free Report) shares fell 17.6% on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. 330,302 shares traded hands during trading, an increase of 225% from the average session volume of 101,587 shares. The stock had previously closed at C$0.09.

Great Atlantic Resources Stock Performance

The company’s 50-day simple moving average is C$0.12 and its 200-day simple moving average is C$0.10. The stock has a market capitalization of C$4.54 million, a price-to-earnings ratio of -1.75 and a beta of 2.38. The company has a current ratio of 0.05, a quick ratio of 0.84 and a debt-to-equity ratio of -21.63.

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.

See Also