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

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

The company has a 50-day moving average of C$0.06 and a two-hundred day moving average of 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. The company has a debt-to-equity ratio of 62.52, a current ratio of 0.05 and a quick ratio of 0.84.

Insider Transactions at Great Atlantic Resources

In other news, Director Christopher Ross Anderson acquired 618,000 shares of the business’s 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. Company insiders own 40.45% of the company’s stock.

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.