Golden Arrow Resources (CVE:GRG) Hits New 1-Year High – Should You Buy?

Shares of Golden Arrow Resources Co. (CVE:GRG) reached a new 52-week high on Friday . The stock traded as high as C$0.12 and last traded at C$0.12, with a volume of 141100 shares traded. The stock had previously closed at C$0.10.

Golden Arrow Resources Stock Performance

The company has a market cap of C$19.48 million, a price-to-earnings ratio of -11.50 and a beta of 1.30. The firm’s 50-day moving average price is C$0.10 and its 200 day moving average price is C$0.08.

Insider Transactions at Golden Arrow Resources

In related news, insider Diego Martin Pestana acquired 926,726 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The shares were acquired at an average cost of C$0.08 per share, for a total transaction of C$74,138.08. Following the completion of the acquisition, 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 position. Over the last three months, insiders purchased 988,452 shares of company stock worth $79,076. 7.82% of the stock is currently 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.