Great Atlantic Resources (CVE:GR) Trading 33.3% Higher – Still a Buy?

Shares of Great Atlantic Resources Corp. (CVE:GR) traded up 33.3% during trading on Monday . The stock traded as high as C$0.06 and last traded at C$0.06. 154,000 shares traded 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 Price Performance

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

Insider Transactions at Great Atlantic Resources

In other Great Atlantic Resources news, Director Christopher Ross Anderson purchased 618,000 shares of the firm’s stock in a transaction dated Thursday, November 28th. The stock was bought at an average cost of C$0.06 per share, with a total value of C$37,080.00. Company 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.