Golden Arrow Resources Co. (CVE:GRG – Get Free Report)’s stock price rose 17.6% during mid-day trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as C$0.12 and last traded at C$0.10. Approximately 1,400,333 shares traded hands during mid-day trading, an increase of 634% from the average daily volume of 190,786 shares. The stock had previously closed at C$0.09.
Specifically, insider Diego Martin Pestana bought 926,726 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was acquired at an average cost of C$0.08 per share, with a total value of C$74,138.08. Following the transaction, the insider directly owned 22,969,123 shares in the company, valued at approximately C$1,837,529.84. This trade represents a 4.20% increase in their position.
Golden Arrow Resources Trading Up 17.6%
The firm has a market cap of C$16.94 million, a P/E ratio of -10.00 and a beta of 1.30. The business has a 50-day moving average price of C$0.09 and a 200-day moving average price of C$0.08.
About Golden Arrow Resources
Golden Arrow Resources Corporation, a natural resource company, engages in the acquisition, exploration, and development resource properties in South America. The company explores for iron, copper, gold, cobalt, and silver deposits. Its flagship project is the 100% owned San Pietro Fe-Cu-Au-Co Project covering an area of 18,448 Ha located in Chile. Golden Arrow Resources Corporation was incorporated in 2015 and is based in Vancouver, Canada.Golden Arrow Resources Corporation operates as a subsidiary of Grosso Group Management Ltd.
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