Golden Arrow Resources Co. (CVE:GRG) Insider Diego Martin Pestana Buys 2,950,000 Shares

Golden Arrow Resources Co. (CVE:GRG) insider Diego Martin Pestana acquired 2,950,000 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were bought at an average cost of C$0.05 per share, with a total value of C$132,750.00.

Diego Martin Pestana also recently made the following trade(s):

• On Friday, May 9th, Diego Martin Pestana purchased 4,150,000 shares of Golden Arrow Resources stock. The stock was purchased at an average price of C$0.05 per share, for a total transaction of C$207,500.00.
• On Tuesday, March 25th, Diego Martin Pestana bought 3,000 shares of Golden Arrow Resources stock. The stock was acquired at an average cost of C$0.06 per share, for a total transaction of C$165.00.
• On Thursday, March 20th, Diego Martin Pestana acquired 43,000 shares of Golden Arrow Resources stock. The stock was acquired at an average cost of C$0.06 per share, for a total transaction of C$2,365.00.

Golden Arrow Resources Stock Performance

Shares of GRG stock opened at C$0.05 on Friday. The firm’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.05. The stock has a market cap of C$7.22 million, a PE ratio of -1.06 and a beta of 1.13. Golden Arrow Resources Co. has a 52-week low of C$0.04 and a 52-week high of C$0.08.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.21 price target on shares of Golden Arrow Resources and gave the stock a “buy” rating in a research report on Wednesday, March 26th.

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.