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

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

Insider Buying and Selling

In related news, Director Christopher Ross Anderson bought 618,000 shares of the stock in a transaction 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. 40.45% of the stock is owned by company insiders.

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.