Shares of Golden Arrow Resources Co. (CVE:GRG – Get Free Report) fell 10.5% on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 121,470 shares were traded during trading, a decline of 25% from the average session volume of 162,081 shares. The stock had previously closed at C$0.10.
Golden Arrow Resources Trading Down 5.9%
The firm’s fifty day moving average price is C$0.09 and its 200 day moving average price is C$0.08. The stock has a market capitalization of C$13.55 million, a price-to-earnings ratio of -8.00 and a beta of 1.30.
Insider Transactions at Golden Arrow Resources
In other news, insider Diego Martin Pestana bought 1,438,726 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of C$0.08 per share, with a total value of C$115,098.08. Following the completion of the transaction, the insider directly owned 23,481,123 shares in the company, valued at C$1,878,489.84. This trade represents a 6.53% increase in their ownership of the stock. Insiders purchased a total of 1,511,726 shares of company stock valued at $120,938 over the last 90 days. 7.82% of the stock is owned by insiders.
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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