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

Shares of Great Atlantic Resources Corp. (CVE:GR) were up 33.3% during trading on Tuesday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 154,000 shares were traded during mid-day 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 Price Performance

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 current ratio of 0.05 and a quick ratio of 0.84. The company’s 50-day moving average is C$0.06 and its two-hundred day moving average is C$0.06.

Insider Activity

In other Great Atlantic Resources news, Director Christopher Ross Anderson bought 618,000 shares of the firm’s stock in a transaction on Thursday, November 28th. The shares were purchased at an average price of C$0.06 per share, for a total transaction of C$37,080.00. Corporate 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.