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

Great Atlantic Resources Corp. (CVE:GR)’s share price was up 33.3% during trading on Tuesday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 154,000 shares were traded during 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 debt-to-equity ratio of 62.52, a current ratio of 0.05 and a quick ratio of 0.84. The company has a 50 day moving average price of C$0.06 and a 200 day moving average price of C$0.06. The firm has a market cap of C$3.16 million, a PE ratio of -1.50 and a beta of 2.20.

Insiders Place Their Bets

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