Great Atlantic Resources (CVE:GR) Trading 33.3% Higher – Time to Buy?

Great Atlantic Resources Corp. (CVE:GR)’s stock price rose 33.3% during mid-day trading on Monday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 154,000 shares were traded 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 Stock Performance

The stock has a 50 day moving average price of C$0.05 and a 200 day moving average price of C$0.06. The company has a current ratio of 0.05, a quick ratio of 0.84 and a debt-to-equity ratio of 62.52. The company has a market cap of C$3.16 million, a PE ratio of -1.50 and a beta of 2.20.

Insider Transactions at Great Atlantic Resources

In other Great Atlantic Resources news, Director Christopher Ross Anderson purchased 618,000 shares of the stock in a transaction that occurred on 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. 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.