Great Atlantic Resources (CVE:GR) Shares Up 33.3% – Still a Buy?

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

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

Insider Transactions at Great Atlantic Resources

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

Great Atlantic Resources Company Profile

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.