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

Great Atlantic Resources Corp. (CVE:GR) shares traded up 33.3% during mid-day trading on Tuesday . The stock traded as high as C$0.06 and last traded at C$0.06. 154,000 shares traded hands 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 Stock Performance

The company 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. The stock’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.06.

Insider Activity at Great Atlantic Resources

In other Great Atlantic Resources news, Director Christopher Ross Anderson acquired 618,000 shares of the business’s stock in a transaction on Thursday, November 28th. The stock was purchased at an average price of C$0.06 per share, for a total transaction of C$37,080.00. 40.45% of the stock is owned by 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.