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

Great Atlantic Resources Corp. (CVE:GR) shares traded up 33.3% during mid-day trading on Monday . The stock 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 Stock Performance

The business’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.06. The stock has a market cap of C$3.16 million, a PE 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.

Insider Activity at Great Atlantic Resources

In other Great Atlantic Resources news, Director Christopher Ross Anderson acquired 618,000 shares of the stock in a transaction dated Thursday, November 28th. The shares were purchased at an average price of C$0.06 per share, for a total transaction of C$37,080.00. 40.45% of the stock is owned by 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.