Great Atlantic Resources (CVE:GR) Stock Price Down 12.9% – Here’s Why

Great Atlantic Resources Corp. (CVE:GR)’s stock price dropped 12.9% during trading on Monday . The stock traded as low as C$0.13 and last traded at C$0.14. Approximately 221,740 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 267,712 shares. The stock had previously closed at C$0.16.

Great Atlantic Resources Trading Down 6.9%

The company has a market cap of C$8.76 million, a price-to-earnings ratio of -3.38 and a beta of 2.80. The company has a current ratio of 0.05, a quick ratio of 0.84 and a debt-to-equity ratio of -21.63. The business’s 50 day moving average price is C$0.09 and its 200-day moving average price is C$0.11.

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.