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

Great Atlantic Resources Corp. (CVE:GR)’s stock price traded up 33.3% during mid-day trading on Tuesday . The company traded as high as C$0.06 and last traded at C$0.06. 154,000 shares changed hands during mid-day 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 Trading Up 33.3 %

The company has a 50 day moving average of C$0.06 and a 200 day 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 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 Transactions at Great Atlantic Resources

In related news, Director Christopher Ross Anderson acquired 618,000 shares of Great Atlantic Resources stock in a transaction that occurred on Thursday, November 28th. The shares were purchased 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.

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.