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

Great Atlantic Resources Corp. (CVE:GR) shares 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 business has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.06. The stock has a market cap of C$3.16 million, a PE ratio of -1.50 and a beta of 2.20. The company has a current ratio of 0.05, a quick ratio of 0.84 and a debt-to-equity ratio of 62.52.

Insider Activity

In other Great Atlantic Resources news, Director Christopher Ross Anderson bought 618,000 shares of the firm’s stock in a transaction dated 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. 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.