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 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 Trading Up 33.3 %

The firm has a market cap of C$3.16 million, a price-to-earnings ratio of -1.50 and a beta of 2.20. The company has a fifty day moving average price of C$0.06 and a 200-day moving average price of C$0.06. The company has a current ratio of 0.05, a quick ratio of 0.84 and a debt-to-equity ratio of 62.52.

Insider Activity

In other news, Director Christopher Ross Anderson purchased 618,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The stock was bought at an average price of C$0.06 per share, for a total transaction 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.