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

Great Atlantic Resources Corp. (CVE:GR) shares were up 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 traded hands 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 quick ratio of 0.84 and a current ratio of 0.05. The firm’s 50 day moving average is C$0.06 and its 200-day moving average is C$0.06. The stock has a market capitalization of C$3.16 million, a price-to-earnings ratio of -1.50 and a beta of 2.20.

Insider Buying and Selling

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