Golden Arrow Resources (CVE:GRG) Sets New 12-Month High – What’s Next?

Shares of Golden Arrow Resources Co. (CVE:GRG) hit a new 52-week high during trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.06, with a volume of 186200 shares traded. The stock had previously closed at C$0.06.

Golden Arrow Resources Stock Performance

The company has a current ratio of 1.75, a quick ratio of 15.33 and a debt-to-equity ratio of 3.05. The stock has a fifty day moving average price of C$0.05 and a 200-day moving average price of C$0.04. The firm has a market capitalization of C$9.41 million, a price-to-earnings ratio of -2.17 and a beta of 1.13.

Insider Transactions at Golden Arrow Resources

In other Golden Arrow Resources news, insider Diego Martin Pestana purchased 2,500,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average cost of C$0.04 per share, with a total value of C$100,000.00. In the last ninety days, insiders purchased 4,736,000 shares of company stock valued at $212,850. Corporate 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.