Great Bear Resources (CVE:GBR) Shares Down 2.3% – Here’s Why

Great Bear Resources Ltd. (CVE:GBRGet Free Report)’s stock price dropped 2.3% during trading on Wednesday . The stock traded as low as C$28.15 and last traded at C$28.15. Approximately 1,886,525 shares were traded during mid-day trading, an increase of 525% from the average daily volume of 301,841 shares. The stock had previously closed at C$28.80.

Great Bear Resources Stock Down 2.3 %

The firm’s 50 day simple moving average is C$28.15 and its 200 day simple moving average is C$28.15. The company has a market cap of C$1.63 billion and a price-to-earnings ratio of -153.83. The company has a quick ratio of 3.82, a current ratio of 3.85 and a debt-to-equity ratio of 0.45.

About Great Bear Resources

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Great Bear Resources Ltd. operates as a mineral exploration company in Canada. The company primarily explores for gold. Its flagship property is the Dixie project covering an area of 9,140 hectares located in the Red Lake district of Ontario. The company was formerly known as Great Bear Uranium Corp.

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