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

Great Atlantic Resources Corp. (CVE:GR) shot up 33.3% during trading on Tuesday . The stock traded as high as C$0.06 and last traded at C$0.06. 154,000 shares traded hands during mid-day 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 has a fifty day moving average of C$0.05 and a 200-day moving average of C$0.06. The company 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 current ratio of 0.05, a quick ratio of 0.84 and a debt-to-equity ratio of 62.52.

Insider Activity at Great Atlantic Resources

In other news, Director Christopher Ross Anderson acquired 618,000 shares of the stock in a transaction on Thursday, November 28th. The stock was acquired at an average price of C$0.06 per share, with a total value of C$37,080.00. 40.45% of the stock is owned by corporate 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.