Golden Arrow Resources (CVE:GRG) Hits New 12-Month High – Should You Buy?

Golden Arrow Resources Co. (CVE:GRG)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$0.10 and last traded at C$0.10, with a volume of 56623 shares traded. The stock had previously closed at C$0.08.

Golden Arrow Resources Trading Up 18.8%

The business has a 50 day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.08. The stock has a market cap of C$16.09 million, a price-to-earnings ratio of -3.17 and a beta of 1.01.

Insider Activity at Golden Arrow Resources

In related news, insider Diego Martin Pestana purchased 1,438,726 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average price of C$0.08 per share, for a total transaction of C$115,098.08. Following the completion of the purchase, 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 ownership of the stock. In the last three months, insiders purchased 1,511,000 shares of company stock worth $120,880. 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. 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.