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

Great Atlantic Resources Corp. (CVE:GR)’s share price shot up 33.3% during trading on Monday . The stock traded as high as C$0.06 and last traded at C$0.06. 154,000 shares were traded during mid-day 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 Stock Performance

The business has a fifty day moving average price of C$0.05 and a two-hundred day moving average price of C$0.06. 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 PE ratio of -1.50 and a beta of 2.20.

Insiders Place Their Bets

In other news, Director Christopher Ross Anderson bought 618,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The shares were purchased at an average price of C$0.06 per share, with a total value of C$37,080.00. 40.45% of the stock is currently owned by insiders.

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.