Golden Arrow Resources (CVE:GRG) Shares Up 15% – Should You Buy?

Shares of Golden Arrow Resources Co. (CVE:GRG) were up 15% during mid-day trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.12. 169,005 shares traded hands during trading, a decline of 6% from the average daily volume of 180,435 shares. The stock had previously closed at C$0.10.

Golden Arrow Resources Price Performance

The stock has a market cap of C$18.66 million, a price-to-earnings ratio of -5.50 and a beta of 1.31. The business’s fifty day simple moving average is C$0.10 and its 200 day simple moving average is C$0.09.

Insider Activity at Golden Arrow Resources

In other Golden Arrow Resources news, insider Diego Martin Pestana purchased 926,726 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was acquired 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 approximately C$1,837,529.84. This represents a 4.20% increase in their position. 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.