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

Shares of Great Atlantic Resources Corp. (CVE:GR) were 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 changed 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 Performance

The company’s 50 day moving average is C$0.05 and its 200 day moving average is C$0.06. The firm has a market cap of C$3.16 million, a P/E ratio of -1.50 and a beta of 2.20. The company has a debt-to-equity ratio of 62.52, a quick ratio of 0.84 and a current ratio of 0.05.

Insider Buying and Selling

In other Great Atlantic Resources news, Director Christopher Ross Anderson acquired 618,000 shares of the company’s stock in a transaction that occurred on Thursday, November 28th. The stock was 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 currently owned by corporate 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.