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

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

Insider Activity

In related news, Director Christopher Ross Anderson bought 618,000 shares of the business’s stock in a transaction on Thursday, November 28th. The shares were bought at an average cost 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.

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.