Great Atlantic Resources (CVE:GR) Stock Price Up 33.3% – What’s Next?

Great Atlantic Resources Corp. (CVE:GR) rose 33.3% on Tuesday . The company 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 Price Performance

The firm has a market capitalization of C$3.16 million, a P/E ratio of -1.50 and a beta of 2.20. 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 business has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.06.

Insiders Place Their Bets

In other news, Director Christopher Ross Anderson acquired 618,000 shares of Great Atlantic Resources stock in a transaction dated Thursday, November 28th. The shares were purchased at an average cost of C$0.06 per share, for a total transaction of C$37,080.00. Corporate 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.