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

Great Atlantic Resources Corp. (CVE:GR) rose 33.3% during mid-day trading on Tuesday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 154,000 shares were traded during 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 Stock Up 33.3 %

The business’s 50 day simple moving average is C$0.06 and its 200 day simple moving average is C$0.06. The company has a market capitalization of C$3.16 million, a PE ratio of -1.50 and a beta of 2.20. 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

In other news, Director Christopher Ross Anderson bought 618,000 shares of the company’s stock in a transaction on Thursday, November 28th. The shares were bought 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 corporate 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.