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

Golden Arrow Resources Co. (CVE:GRG)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as C$0.12 and last traded at C$0.12, with a volume of 141100 shares trading hands. The stock had previously closed at C$0.10.

Golden Arrow Resources Price Performance

The firm’s 50 day moving average price is C$0.10 and its two-hundred day moving average price is C$0.08. The firm has a market cap of C$19.48 million, a price-to-earnings ratio of -11.50 and a beta of 1.30.

Insider Buying and Selling

In related news, insider Diego Martin Pestana acquired 926,726 shares of Golden Arrow Resources stock in a transaction on Friday, July 10th. The stock was purchased at an average cost of C$0.08 per share, with a total value of C$74,138.08. Following the purchase, the insider directly owned 22,969,123 shares in the company, valued at approximately C$1,837,529.84. The trade was a 4.20% increase in their ownership of the stock. Over the last ninety days, insiders purchased 988,452 shares of company stock worth $79,076. 7.82% of the stock is owned by corporate 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.