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

Great Atlantic Resources Corp. (CVE:GR)’s share price shot up 33.3% during trading on Tuesday . 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 Price Performance

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

Insiders Place Their Bets

In other Great Atlantic Resources news, Director Christopher Ross Anderson acquired 618,000 shares of the company’s stock in a transaction that occurred on Thursday, November 28th. The stock was acquired at an average cost 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.

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.