Golden Arrow Resources (CVE:GRG) Sets New 52-Week High – Still a Buy?

Golden Arrow Resources Co. (CVE:GRGGet Free Report)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10, with a volume of 69000 shares. The stock had previously closed at C$0.09.

Golden Arrow Resources Stock Performance

The business’s fifty day moving average is C$0.07 and its 200-day moving average is C$0.08. The firm has a market cap of C$16.94 million, a P/E ratio of -3.33 and a beta of 1.01.

Insider Transactions at Golden Arrow Resources

In other Golden Arrow Resources news, insider Diego Martin Pestana purchased 1,438,726 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of C$0.08 per share, with a total value of C$115,098.08. Following the completion of the purchase, the insider owned 23,481,123 shares of the company’s stock, valued at approximately C$1,878,489.84. The trade was a 6.53% increase in their ownership of the stock. In the last ninety days, insiders have purchased 1,511,000 shares of company stock valued at $120,880. Corporate insiders own 7.82% of the company’s stock.

About Golden Arrow Resources

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Golden Arrow Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Arrow Resources and related companies with MarketBeat.com's FREE daily email newsletter.