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

Great Atlantic Resources Corp. (CVE:GR)’s stock price was up 33.3% during mid-day trading on Monday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 154,000 shares changed 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 Price Performance

The firm 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 debt-to-equity ratio of 62.52, a current ratio of 0.05 and a quick ratio of 0.84. The firm has a 50-day simple moving average of C$0.06 and a 200-day simple moving average of C$0.06.

Insiders Place Their Bets

In other Great Atlantic Resources news, Director Christopher Ross Anderson acquired 618,000 shares of the company’s stock in a transaction that occurred on Thursday, November 28th. The stock was bought at an average price 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.