Golden Arrow Resources (CVE:GRG) Shares Down 10.5% – Here’s What Happened

Golden Arrow Resources Co. (CVE:GRG) shares were down 10.5% on Thursday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 121,470 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 162,081 shares. The stock had previously closed at C$0.10.

Golden Arrow Resources Stock Performance

The business’s fifty day simple moving average is C$0.09 and its 200 day simple moving average is C$0.08. The stock has a market cap of C$14.40 million, a price-to-earnings ratio of -8.50 and a beta of 1.30.

Insiders Place Their Bets

In other Golden Arrow Resources news, insider Diego Martin Pestana purchased 1,438,726 shares of the stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of C$0.08 per share, for a total transaction of C$115,098.08. Following the completion of the acquisition, the insider owned 23,481,123 shares of the company’s stock, valued at C$1,878,489.84. This represents a 6.53% increase in their position. Insiders have bought a total of 1,511,726 shares of company stock valued at $120,938 over the last three months. Corporate 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.