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

Great Atlantic Resources Corp. (CVE:GR) was up 33.3% during mid-day trading 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 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 debt-to-equity ratio of 62.52, a quick ratio of 0.84 and a current ratio of 0.05. The firm’s fifty day simple moving average is C$0.06 and its 200 day simple moving average is C$0.06. The stock has a market capitalization of C$3.16 million, a price-to-earnings ratio of -1.50 and a beta of 2.20.

Insider Buying and Selling

In other news, Director Christopher Ross Anderson acquired 618,000 shares of the firm’s stock in a transaction that occurred 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. 40.45% of the stock is currently owned by company 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.