Great Atlantic Resources Corp. (CVE:GR – Get Free Report) 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 Performance
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 firm has a market capitalization of C$3.16 million, a P/E ratio of -1.50 and a beta of 2.20. The firm has a 50 day moving average of C$0.05 and a 200-day moving average of C$0.06.
Insider Activity
In other news, Director Christopher Ross Anderson purchased 618,000 shares of Great Atlantic Resources stock in a transaction that occurred on Thursday, November 28th. The shares were acquired at an average price 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.
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.
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