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

Great Atlantic Resources Corp. (CVE:GR)’s share price shot 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 firm has a fifty day moving average of C$0.05 and a 200-day moving average of C$0.06. The firm has a market cap of C$3.16 million, a P/E ratio of -1.50 and a beta of 2.20. The company has a quick ratio of 0.84, a current ratio of 0.05 and a debt-to-equity ratio of 62.52.

Insider Activity at Great Atlantic Resources

In related news, Director Christopher Ross Anderson bought 618,000 shares of Great Atlantic Resources stock in a transaction on Thursday, November 28th. The shares were 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 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.