Great Atlantic Resources (CVE:GR) Shares Up 33.3% – Still a Buy?

Great Atlantic Resources Corp. (CVE:GR) 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 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 market cap of C$3.16 million, a P/E ratio of -1.50 and a beta of 2.20. The stock has a 50-day moving average of C$0.05 and a two-hundred day moving average of C$0.06. The company has a debt-to-equity ratio of 62.52, a quick ratio of 0.84 and a current ratio of 0.05.

Insiders Place Their Bets

In related news, Director Christopher Ross Anderson acquired 618,000 shares of Great Atlantic Resources stock in a transaction dated Thursday, November 28th. The shares were purchased at an average cost of C$0.06 per share, with a total value of C$37,080.00. 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.