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

Great Atlantic Resources Corp. (CVE:GR) shares rose 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 Price Performance

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 company has a 50-day simple moving average of C$0.05 and a 200 day simple moving average of C$0.06. The company has a market cap of C$3.16 million, a P/E ratio of -1.50 and a beta of 2.20.

Insider Transactions at Great Atlantic Resources

In related news, Director Christopher Ross Anderson bought 618,000 shares of Great Atlantic Resources stock in a transaction dated Thursday, November 28th. The shares were acquired 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.

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.