Great Atlantic Resources (CVE:GR) Stock Price Up 33.3% – Should You Buy?

Shares of Great Atlantic Resources Corp. (CVE:GR) traded up 33.3% on Tuesday . The stock traded as high as C$0.06 and last traded at C$0.06. 154,000 shares were traded 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 Price Performance

The firm’s fifty day moving average is C$0.05 and its 200-day moving average is C$0.06. The stock has a market capitalization of C$3.16 million, a P/E ratio of -1.50 and a beta of 2.20. The company has a current ratio of 0.05, a quick ratio of 0.84 and a debt-to-equity ratio of 62.52.

Insider Buying and Selling at Great Atlantic Resources

In other news, Director Christopher Ross Anderson acquired 618,000 shares of the stock in a transaction dated Thursday, November 28th. The shares were bought at an average cost 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.