Fundamental Research Reiterates C$0.21 Price Target for Golden Arrow Resources (CVE:GRG)

Fundamental Research set a C$0.21 price target on Golden Arrow Resources (CVE:GRG) in a report published on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Golden Arrow Resources Stock Performance

Shares of GRG stock opened at C$0.06 on Wednesday. Golden Arrow Resources has a 52 week low of C$0.04 and a 52 week high of C$0.08. The firm’s 50-day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.05. The firm has a market cap of C$9.63 million, a price-to-earnings ratio of -1.41 and a beta of 1.13.

Insider Buying and Selling at Golden Arrow Resources

In other news, insider Diego Martin Pestana acquired 4,300,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of C$0.05 per share, for a total transaction of C$215,000.00. Over the last ninety days, insiders bought 4,745,000 shares of company stock valued at $239,625. 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.