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

Great Atlantic Resources Corp. (CVE:GR) traded up 33.3% during trading 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 Stock Performance

The stock’s 50 day moving average price is C$0.05 and its two-hundred day moving average price 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 capitalization of C$3.16 million, a price-to-earnings ratio of -1.50 and a beta of 2.20.

Insiders Place Their Bets

In other Great Atlantic Resources news, Director Christopher Ross Anderson acquired 618,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The shares were acquired 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 currently 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.