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

Golden Arrow Resources Co. (CVE:GRG)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.12, with a volume of 159591 shares traded. The stock had previously closed at C$0.10.

Golden Arrow Resources Stock Performance

The stock’s 50 day moving average price is C$0.09 and its 200 day moving average price is C$0.08. The company has a market capitalization of C$18.64 million, a P/E ratio of -11.00 and a beta of 1.30.

Insider Transactions at Golden Arrow Resources

In other news, insider Diego Martin Pestana purchased 1,438,726 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average price of C$0.08 per share, with a total value of C$115,098.08. Following the completion of the transaction, the insider 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. Insiders have acquired a total of 2,488,452 shares of company stock valued at $199,076 in the last quarter. 7.82% of the stock is owned by 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.