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

Great Atlantic Resources Corp. (CVE:GR)’s share price was up 33.3% on Tuesday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 154,000 shares were traded 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 Up 33.3 %

The company has a current ratio of 0.05, a quick ratio of 0.84 and a debt-to-equity ratio of 62.52. The firm has a market capitalization of C$3.16 million, a price-to-earnings ratio of -1.50 and a beta of 2.20. The firm has a 50 day moving average price of C$0.06 and a two-hundred day moving average price of C$0.06.

Insider Activity at Great Atlantic Resources

In other news, Director Christopher Ross Anderson acquired 618,000 shares of the firm’s stock in a transaction on Thursday, November 28th. The stock was bought 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.