Golden Arrow Resources (CVE:GRG) Sets New 52-Week High – Should You Buy?

Golden Arrow Resources Co. (CVE:GRG)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.10 and last traded at C$0.10, with a volume of 72508 shares traded. The stock had previously closed at C$0.10.

Golden Arrow Resources Stock Performance

The stock has a 50 day simple moving average of C$0.08 and a 200 day simple moving average of C$0.08. The stock has a market cap of C$16.09 million, a P/E ratio of -3.17 and a beta of 1.01.

Insider Buying and Selling

In other news, insider Diego Martin Pestana acquired 1,438,726 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of C$0.08 per share, with a total value of C$115,098.08. Following the completion of the purchase, the insider directly owned 23,481,123 shares of the company’s stock, valued at C$1,878,489.84. The trade was a 6.53% increase in their position. Over the last 90 days, insiders have bought 1,511,726 shares of company stock valued at $120,938. 7.82% of the stock is owned by company insiders.

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.