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

Great Atlantic Resources Corp. (CVE:GR)’s share price 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 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 Stock Up 33.3 %

The business has a fifty day moving average of C$0.06 and a 200 day moving average of C$0.06. The company has a quick ratio of 0.84, a current ratio of 0.05 and a debt-to-equity ratio of 62.52. The firm has a market cap of C$3.16 million, a P/E ratio of -1.50 and a beta of 2.20.

Insider Activity

In other news, Director Christopher Ross Anderson purchased 618,000 shares of Great Atlantic Resources stock in a transaction dated Thursday, November 28th. The shares were bought 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.