Great Atlantic Resources (CVE:GR) Trading 33.3% Higher – Here’s What Happened

Great Atlantic Resources Corp. (CVE:GR)’s share price shot up 33.3% on Tuesday . The company traded as high as C$0.06 and last traded at C$0.06. 154,000 shares traded hands during trading, an increase of 283% from the average session volume of 40,187 shares. The stock had previously closed at C$0.05.

Great Atlantic Resources Price Performance

The company’s 50 day simple moving average is C$0.05 and its 200-day simple moving average is C$0.06. The company has a debt-to-equity ratio of 62.52, a quick ratio of 0.84 and a current ratio of 0.05. The firm has a market capitalization of C$3.16 million, a PE ratio of -1.50 and a beta of 2.20.

Insider Transactions at Great Atlantic Resources

In related news, Director Christopher Ross Anderson bought 618,000 shares of the company’s stock in a transaction on Thursday, November 28th. The stock was acquired at an average cost of C$0.06 per share, for a total transaction of C$37,080.00. Insiders own 40.45% of the company’s stock.

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.