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

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

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

Insider Buying and Selling at Great Atlantic Resources

In related news, Director Christopher Ross Anderson purchased 618,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The shares were acquired at an average price of C$0.06 per share, for a total transaction of C$37,080.00. Corporate 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.