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

Shares of Great Atlantic Resources Corp. (CVE:GR) rose 33.3% on Tuesday . The stock 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 business’s 50-day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.06. The firm has a market capitalization of C$3.16 million, a price-to-earnings 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 Activity at Great Atlantic Resources

In related news, Director Christopher Ross Anderson acquired 618,000 shares of the business’s stock in a transaction dated Thursday, November 28th. The shares were acquired at an average price of C$0.06 per share, with a total value 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.