Great Atlantic Resources (CVE:GR) Shares Up 33.3% – Time to Buy?

Shares of Great Atlantic Resources Corp. (CVE:GR) shot 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 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 business’s fifty day simple moving average is C$0.06 and its 200-day simple moving average is C$0.06. 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 has a market cap of C$3.16 million, a P/E ratio of -1.50 and a beta of 2.20.

Insider Buying and Selling

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 stock was acquired at an average cost of C$0.06 per share, with a total value of C$37,080.00. 40.45% of the stock is owned by company 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.