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

Great Atlantic Resources Corp. (CVE:GR) shot up 33.3% on Tuesday . The company traded as high as C$0.06 and last traded at C$0.06. 154,000 shares traded hands during trading, an increase of 283% from the average session volume of 40,187 shares. The stock had previously closed at C$0.05.

Great Atlantic Resources Price Performance

The stock has a market cap of C$3.16 million, a P/E ratio of -1.50 and a beta of 2.20. The firm 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 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 purchased 618,000 shares of the firm’s stock in a transaction that occurred 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.

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.