Great Atlantic Resources (CVE:GR) Trading 41.2% Higher – Still a Buy?

Shares of Great Atlantic Resources Corp. (CVE:GR) were up 41.2% during mid-day trading on Thursday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 375,737 shares were traded during mid-day trading, an increase of 152% from the average daily volume of 149,283 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 quick ratio of 0.84 and a current ratio of 0.05. The company has a fifty day moving average price of C$0.08 and a two-hundred day moving average price of C$0.10. The company has a market cap of C$7.78 million, a P/E ratio of -3.00 and a beta of 2.42.

About Great Atlantic Resources

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.