Great Atlantic Resources (CVE:GR) Trading 33.3% Higher – Still a Buy?

Great Atlantic Resources Corp. (CVE:GR)’s stock price traded up 33.3% during trading on Monday . The stock 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 stock has a market capitalization of C$3.16 million, a price-to-earnings ratio of -1.50 and a beta of 2.20. The company’s 50 day moving average is C$0.06 and its 200 day moving average is 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.

Insider Activity

In other Great Atlantic Resources news, Director Christopher Ross Anderson bought 618,000 shares of Great Atlantic Resources stock in a transaction dated Thursday, November 28th. The shares were bought at an average price of C$0.06 per share, with a total value of C$37,080.00. Corporate 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.