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

Great Atlantic Resources Corp. (CVE:GR) shares rose 33.3% during trading on Tuesday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 154,000 shares traded hands during trading, an increase of 283% from the average daily volume of 40,187 shares. The stock had previously closed at C$0.05.

Great Atlantic Resources Stock Performance

The business has a 50-day moving average of C$0.05 and a 200 day moving average of C$0.06. The stock has a market cap of C$3.16 million, a PE ratio of -1.50 and a beta of 2.20. The company has a debt-to-equity ratio of 62.52, a quick ratio of 0.84 and a current ratio of 0.05.

Insiders Place Their Bets

In other Great Atlantic Resources news, Director Christopher Ross Anderson bought 618,000 shares of the company’s stock in a transaction that occurred on Thursday, November 28th. The stock was purchased at an average cost 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.