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

Shares of Great Atlantic Resources Corp. (CVE:GR) shot up 33.3% during mid-day trading on Tuesday . The company traded as high as C$0.06 and last traded at C$0.06. 154,000 shares were traded 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 Trading Up 33.3 %

The company has a market capitalization of C$3.16 million, a P/E ratio of -1.50 and a beta of 2.20. The stock’s 50 day moving average is C$0.06 and its 200-day moving average is C$0.06. The company has a debt-to-equity ratio of 62.52, a current ratio of 0.05 and a quick ratio of 0.84.

Insiders Place Their Bets

In other news, Director Christopher Ross Anderson purchased 618,000 shares of the business’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. Corporate insiders own 40.45% of the company’s stock.

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.