Great Atlantic Resources (CVE:GR) Trading 33.3% Higher – Time to Buy?

Great Atlantic Resources Corp. (CVE:GR) traded up 33.3% during 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 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 company has a current ratio of 0.05, a quick ratio of 0.84 and a debt-to-equity ratio of 62.52. The firm’s fifty day moving average price is C$0.06 and its two-hundred day moving average price is C$0.06. The stock has a market capitalization of C$3.16 million, a PE ratio of -1.50 and a beta of 2.20.

Insider Buying and Selling at Great Atlantic Resources

In other Great Atlantic Resources news, Director Christopher Ross Anderson purchased 618,000 shares of the stock in a transaction 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. 40.45% of the stock is owned by corporate 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.