Great Atlantic Resources (CVE:GR) Trading 33.3% Higher – Here’s What Happened

Great Atlantic Resources Corp. (CVE:GR) shares traded up 33.3% during mid-day trading on Monday . The company traded as high as C$0.06 and last traded at C$0.06. 154,000 shares traded hands during trading, an increase of 283% from the average session volume of 40,187 shares. The stock had previously closed at C$0.05.

Great Atlantic Resources Stock Performance

The stock has a market cap of C$3.16 million, a P/E ratio of -1.50 and a beta of 2.20. 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 stock has a 50-day moving average price of C$0.06 and a 200-day moving average price of C$0.06.

Insider Activity at Great Atlantic Resources

In other news, Director Christopher Ross Anderson acquired 618,000 shares of the firm’s stock in a transaction that occurred 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 currently owned by insiders.

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.