Golden Arrow Resources (CVE:GRG) Hits New 52-Week High – Time to Buy?

Golden Arrow Resources Co. (CVE:GRG)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$0.10 and last traded at C$0.10, with a volume of 56623 shares changing hands. The stock had previously closed at C$0.08.

Golden Arrow Resources Stock Down 5.3%

The company’s fifty day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.08. The company has a market capitalization of C$15.25 million, a price-to-earnings ratio of -3.00 and a beta of 1.01.

Insiders Place Their Bets

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 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 position. Insiders have acquired 1,511,726 shares of company stock valued at $120,938 in the last quarter. Company insiders own 7.82% of the company’s stock.

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.