Great Atlantic Resources (CVE:GR) Trading Up 45.5% – Still a Buy?
by Danessa Lincoln · The Markets DailyGreat Atlantic Resources Corp. (CVE:GR – Get Free Report)’s stock price was up 45.5% during mid-day trading on Saturday . The stock 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 News Summary
Here are the key news stories impacting Great Atlantic Resources this week:
- Positive Sentiment: Sharp volume and momentum: Trading volume was well above the stock’s recent average, indicating strong intraday interest and liquidity that can amplify rallies. Great Atlantic Resources (CVE:GR) Stock Price Up 41.2% – What’s Next?
- Positive Sentiment: Technical breakout: The current price is above both the 50‑day (C$0.08) and 200‑day (C$0.11) moving averages, which can attract momentum traders and short‑term buyers. Great Atlantic Resources (CVE:GR) Stock Price Up 45.5% – Here’s Why
- Neutral Sentiment: Coverage is repetitive and automated: Multiple near‑identical headlines from the same outlet are reporting the move; none cite a company press release or new operational news, so the coverage may simply be amplifying the price action. Great Atlantic Resources (CVE:GR) Trading 45.5% Higher – Should You Buy?
- Negative Sentiment: Weak fundamentals and microcap risk: The company is a small‑cap microstock (market cap ~C$10M) with stretched liquidity/financial metrics (low current ratio, negative P/E), making it vulnerable to large swings and downside if momentum fades.
- Negative Sentiment: High volatility and speculative profile: A beta >2 and thin historical trading imply elevated risk; gains driven by headlines and volume spikes can reverse quickly—suitable only for speculative traders.
Great Atlantic Resources Stock Performance
The company has a debt-to-equity ratio of -21.63, a current ratio of 0.05 and a quick ratio of 0.84. The company has a fifty day moving average price of C$0.08 and a 200 day moving average price of C$0.11. The stock has a market cap of C$10.38 million, a P/E 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.