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

Great Atlantic Resources Corp. (CVE:GR) shares rose 33.3% during mid-day trading on Tuesday . The company 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 Trading Up 33.3 %

The business has a fifty day simple moving average of C$0.06 and a 200-day simple moving average of C$0.06. 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 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

In other Great Atlantic Resources news, Director Christopher Ross Anderson bought 618,000 shares of the business’s stock in a transaction that occurred on Thursday, November 28th. The shares were bought at an average price of C$0.06 per share, for a total transaction of C$37,080.00. 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.