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

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

Golden Arrow Resources Price Performance

The company has a 50 day simple moving average of C$0.08 and a 200-day simple moving average of C$0.08. The stock has a market cap of C$16.94 million, a P/E ratio of -3.33 and a beta of 1.01.

Insider Buying and Selling at Golden Arrow Resources

In other news, insider Diego Martin Pestana acquired 1,438,726 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of C$0.08 per share, with a total value of C$115,098.08. Following the acquisition, the insider owned 23,481,123 shares in the company, valued at approximately C$1,878,489.84. This represents a 6.53% increase in their position. Over the last 90 days, insiders 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.