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

Great Atlantic Resources Corp. (CVE:GR) rose 33.3% during trading on Tuesday . 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 Stock Up 33.3 %

The company has a debt-to-equity ratio of 62.52, a current ratio of 0.05 and a quick ratio of 0.84. The stock 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 50 day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.06.

Insider Activity

In other Great Atlantic Resources news, Director Christopher Ross Anderson bought 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, with a total value of C$37,080.00. 40.45% of the stock is currently owned by company insiders.

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.