Great Atlantic Resources (CVE:GR) Reaches New 52-Week High at $0.08

Great Atlantic Resources Corp. (CVE:GR) reached a new 52-week high during trading on Thursday . The company traded as high as C$0.08 and last traded at C$0.07, with a volume of 48600 shares changing hands. The stock had previously closed at C$0.07.

Great Atlantic Resources Stock Performance

The company has a market capitalization of C$3.51 million, a price-to-earnings ratio of -1.40 and a beta of 2.34. The company has a quick ratio of 0.84, a current ratio of 0.10 and a debt-to-equity ratio of 62.52. The company’s fifty day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.04.

Insiders Place Their Bets

In related news, Director Christopher Ross Anderson bought 350,000 shares of Great Atlantic Resources stock in a transaction that occurred on Tuesday, April 23rd. The stock was purchased at an average cost of C$0.08 per share, with a total value of C$26,250.00. In the last three months, insiders have purchased 670,000 shares of company stock worth $42,100.

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.