Great Atlantic Resources (CVE:GR) Trading Up 33.3% – Here’s Why

Great Atlantic Resources Corp. (CVE:GR) was up 33.3% on Tuesday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 154,000 shares traded hands during mid-day trading, an increase of 283% from the average daily volume of 40,187 shares. The stock had previously closed at C$0.05.

Great Atlantic Resources Stock Performance

The firm has a fifty day moving average of C$0.05 and a 200-day moving average of C$0.06. The company has a quick ratio of 0.84, a current ratio of 0.05 and a debt-to-equity ratio of 62.52. The stock has a market capitalization of C$3.16 million, a price-to-earnings ratio of -1.50 and a beta of 2.20.

Insider Activity

In other Great Atlantic Resources news, Director Christopher Ross Anderson acquired 618,000 shares of the stock in a transaction that occurred on Thursday, November 28th. The shares were purchased at an average cost of C$0.06 per share, with a total value of C$37,080.00. Company insiders own 40.45% of the company’s stock.

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.