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

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

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

Insiders Place Their Bets

In other Great Atlantic Resources news, Director Christopher Ross Anderson bought 618,000 shares of the business’s stock in a transaction on Thursday, November 28th. The shares were purchased at an average price of C$0.06 per share, with a total value 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.