Golden Arrow Resources (CVE:GRG) Sets New 1-Year High – Still a Buy?

Golden Arrow Resources Co. (CVE:GRG)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.12 and last traded at C$0.12, with a volume of 21100 shares traded. The stock had previously closed at C$0.12.

Golden Arrow Resources Stock Performance

The company’s 50-day simple moving average is C$0.10 and its 200-day simple moving average is C$0.09. The stock has a market capitalization of C$19.48 million, a price-to-earnings ratio of -11.50 and a beta of 1.30.

Insider Transactions at Golden Arrow Resources

In related news, insider Diego Martin Pestana bought 926,726 shares of the business’s stock in a transaction on Friday, July 10th. The shares were purchased at an average cost of C$0.08 per share, with a total value of C$74,138.08. Following the acquisition, the insider owned 22,969,123 shares of the company’s stock, valued at C$1,837,529.84. This represents a 4.20% increase in their ownership of the stock. Over the last three months, insiders acquired 977,452 shares of company stock worth $78,196. 7.82% of the stock is owned by company 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.