Great Atlantic Resources (CVE:GR) Trading Down 11.8% – Here’s Why

Great Atlantic Resources Corp. (CVE:GRGet Free Report) was down 11.8% during mid-day trading on Wednesday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 185,225 shares changed hands during trading, an increase of 85% from the average daily volume of 100,325 shares. The stock had previously closed at C$0.09.

Great Atlantic Resources Price 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 business’s 50 day moving average price is C$0.12 and its 200 day moving average price is C$0.10. The stock has a market capitalization of C$5.19 million, a P/E ratio of -2.00 and a beta of 2.38.

About Great Atlantic Resources

(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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