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

Great Atlantic Resources Corp. (CVE:GR)’s share price traded up 33.3% on Monday . The stock traded as high as C$0.06 and last traded at C$0.06. 154,000 shares traded hands during mid-day 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’s fifty day simple moving average is C$0.06 and its 200-day simple moving average is C$0.06. 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 company has a debt-to-equity ratio of 62.52, a quick ratio of 0.84 and a current ratio of 0.05.

Insider Activity

In other news, Director Christopher Ross Anderson acquired 618,000 shares of Great Atlantic Resources stock in a transaction on Thursday, November 28th. The shares were purchased at an average cost 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.