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

Great Atlantic Resources Corp. (CVE:GR) rose 33.3% during mid-day trading on Tuesday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 154,000 shares changed hands during mid-day 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 stock has a market cap of C$3.16 million, a P/E ratio of -1.50 and a beta of 2.20. The company’s 50 day moving average price is C$0.06 and its 200-day moving average price is 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.

Insider Activity at Great Atlantic Resources

In other news, Director Christopher Ross Anderson purchased 618,000 shares of the company’s 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 currently owned by company insiders.

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.