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

Golden Arrow Resources Co. (CVE:GRG) reached a new 52-week high during trading on Monday . The stock traded as high as C$0.10 and last traded at C$0.10, with a volume of 72508 shares changing hands. The stock had previously closed at C$0.10.

Golden Arrow Resources Price Performance

The business’s 50 day simple moving average is C$0.08 and its 200 day simple moving average is C$0.08. The stock has a market cap of C$16.09 million, a price-to-earnings ratio of -3.17 and a beta of 1.01.

Insider Activity

In related news, insider Diego Martin Pestana purchased 1,438,726 shares of the stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of C$0.08 per share, with a total value of C$115,098.08. Following the acquisition, the insider directly owned 23,481,123 shares in the company, valued at 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 bought 1,511,726 shares of company stock worth $120,938. Company insiders own 7.82% of the company’s stock.

Golden Arrow Resources Company Profile

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.