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

Great Atlantic Resources Corp. (CVE:GR)’s stock price was up 33.3% during trading on Monday . 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 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 stock’s 50-day moving average is C$0.05 and its 200 day 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 related news, Director Christopher Ross Anderson purchased 618,000 shares of Great Atlantic Resources stock in a transaction dated Thursday, November 28th. The stock was bought at an average cost of C$0.06 per share, for a total transaction of C$37,080.00. Company insiders own 40.45% of the company’s stock.

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.