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

Great Atlantic Resources Corp. (CVE:GR) shares 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 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 Stock Performance

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 fifty day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.06. The stock has a market cap of C$3.16 million, a price-to-earnings ratio of -1.50 and a beta of 2.20.

Insider Activity at Great Atlantic Resources

In other Great Atlantic Resources news, Director Christopher Ross Anderson acquired 618,000 shares of the company’s stock in a transaction on Thursday, November 28th. The shares were acquired at an average cost of C$0.06 per share, with a total value of C$37,080.00. 40.45% of the stock is owned by company insiders.

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.